US SEC releases guidance on issuance and registration disclosure of securities in crypto asset market

PANews reported on April 11 that according to the official website of the U.S. Securities and Exchange Commission (SEC), in order to further clarify the application of the Federal Securities Law in the crypto asset market, the SEC Corporate Finance Department issued a statement guiding the registration and disclosure requirements of relevant securities. The statement covers equity and debt securities related to network, application and crypto assets, including crypto assets as part of investment contracts. The guidance covers key disclosure elements in documents such as business description, risk factors, securities characteristics, management information, financial statements and smart contract code display requirements.