#SECGuidance

The U.S. Securities and Exchange Commission (SEC) has published new guidance aimed at clarifying how federal securities laws apply to cryptocurrencies.

The Securities and Exchange Commission (SEC) stated that companies must provide appropriate disclosures containing relevant information about significant aspects of their current or planned business, development stage, revenue plans, and the role of crypto-assets in them.

Of course, companies must also disclose specific information about their blockchain networks or crypto applications (information about governance, security, and ownership, as well as technical characteristics).

They are also required to specify what rights investors have and disclose various details. Information about the individuals responsible for a specific company and the level of their control must also be disclosed.

Legal analyst Jake Chervinsky noted that over the past two months, the Securities and Exchange Commission (SEC) has issued more 'helpful guidance' on cryptocurrencies than all other U.S. agencies combined.