#SECGuidance PANews reports that the United States The Securities and Exchange Commission (SEC) has issued a statement to clarify how the crypto asset market applies federal securities laws through its Division of Corporation Finance. This guidance aims to assist with the registration and disclosure requirements for securities related to networks, applications, and crypto assets, including those that are part of investment contracts.
In documents like Regulation S-K, Form S-1, and Form 10, key disclosure elements are discussed in the statement. Examples of these elements include the presentation of smart contract code, business descriptions, risk factors, characteristics of the securities, management data, financial statements, and others. The SEC's guidance is intended to provide clarity on how these requirements apply to equity and debt securities associated with crypto assets.