#SEC加密资产证券披露指南 The U.S. SEC Releases Guidelines for Securities Issuance and Registration Disclosure in the Cryptocurrency Market

On April 11, the U.S. Securities and Exchange Commission (SEC) announced on its official website that the company's finance department has issued a statement to further clarify the applicability of federal securities laws in the cryptocurrency market, providing guidance on the registration and disclosure requirements for relevant securities.

The statement covers equity and debt securities related to the internet, applications, and cryptocurrency assets, including cryptocurrency assets that are part of investment contracts. The guidance involves key disclosure elements of documents such as Regulation S-K, Form S-1, and Form 10, including business descriptions, risk factors, and securities characteristics. It particularly emphasizes that when the rights and obligations of cryptocurrency assets are encoded through smart contracts, issuers should submit relevant code attachments and update them promptly when changes occur.

This guideline provides clearer compliance directions for participants in the cryptocurrency market and demonstrates that the SEC is taking new steps in cryptocurrency regulation, aiming to protect investor rights and promote the standardized development of the market.