SEC Clarifies Crypto Industry Disclosures: New Guidance Released

The US Securities and Exchange Commission (SEC) has released new guidance that aims to clarify how federal securities laws apply to cryptocurrencies. The SEC emphasizes the importance of businesses providing comprehensive disclosures, including details about their business operations, financial plans, crypto asset positions, blockchain network specifics, governance structures, security measures, ownership arrangements, investor rights, key personnel information, and levels of control.