According to the Philippine News Agency (PANews), the U.S. Securities and Exchange Commission (SEC) issued 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, applications, and cryptocurrency assets, including those that form part of investment contracts.

The statement addresses key disclosure elements in documents such as Regulation S-K, Form S-1, and Form 10. These elements include business descriptions, risk factors, securities characteristics, management information, financial statements, and the presentation of smart contract tokens. The guidance from the SEC aims to clarify how these requirements apply to securities related to cryptocurrencies.