The U.S. Securities and Exchange Commission (SEC) has released new guidance aimed at clarifying how federal securities laws apply to cryptocurrencies. The updated framework focuses on the disclosure obligations of companies engaged in digital asset operations, requiring them to provide comprehensive information about their business models, revenue strategies, development stages, and how crypto assets are integrated into their platforms.
The guidance emphasizes transparency in detailing blockchain networks or decentralized applications (dApps), including governance structures, security protocols, ownership models, and technical specifications. Companies must also disclose investor rights and provide clear information about the leadership team and the extent of their control over operations.
Legal analyst Jake Chervinsky commented that this marks one of the most useful crypto-related updates by any U.S. agency in recent months. He noted it not only supports investor awareness but also hints at the growing legitimacy of on-chain securities.
This regulatory push comes under Acting SEC Chairman Mark Uyeda, who has taken a proactive approach by issuing several crypto policy updates while simultaneously scaling back enforcement actions. Former SEC official John Stark described Uyeda as “the most activist Acting SEC Chair in history,” suggesting he is maximizing his regulatory agenda before stepping down.
The new guidance arrives amid shifting leadership at the SEC, with Paul Atkins recently confirmed by the Senate as the next Chair. Industry watchers are now keenly observing how this evolving regulatory environment will shape the future of cryptocurrency markets and investor protections.
These updates come at a critical time as high-profile cases like Ripple’s ongoing legal battle continue to influence the broader regulatory landscape for digital assets.
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