The US Securities and Exchange Commission (SEC) has issued a statement via its Division of Corporation Finance to clarify how federal securities laws apply to the crypto asset market.
This guidance aims to help with registration and disclosure requirements related to networks, applications, and crypto assets, including those involved in investment contracts.
The statement highlights key disclosure elements in documents like Regulation S-K, Form S-1, and Form 10. These include business descriptions, risk factors, characteristics of the securities, management information, financial statements, and smart contract code presentation.
The SEC’s guidance seeks to clarify how these requirements apply to equity and debt securities linked to crypto assets.
