#SECGuidance Theo PANews, the U.S. Securities and Exchange Commission (SEC) has issued a statement through its Corporate Finance Division to clarify the application of federal securities laws in the crypto asset market. This guidance aims to support the registration and disclosure requirements for securities related to networks, applications, and crypto assets, including those assets that are investment contracts.
This statement addresses the key disclosure elements in documents such as Regulation S-K, Form S-1, and Form 10. These elements include business description, risk factors, characteristics of the securities, management information, financial reports, and the presentation of smart contract code. The SEC's guidance aims to provide clarity on how these requirements apply to equity and debt securities related to crypto assets.