#SECGuidance

As reported by PANews, the U.S. Securities and Exchange Commission (SEC) published a statement through its Division of Corporation Finance to clarify the application of federal securities laws in the cryptocurrency market.

This guidance aims to assist with the registration and disclosure requirements for securities related to networks, programs, and crypto assets, including those that are part of investment contracts.

The statement discusses key elements of disclosure in documents such as Regulation S-K, Form S-1, and Form 10. These elements include a description of the business, risk factors, characteristics of the securities, management information, financial statements, and representations of the smart contract code. The SEC's recommendations are intended to provide clarity on how these requirements apply to equity and debt securities related to crypto assets.