US SEC "Token Issuing Virtual Asset Companies Must Disclose in Detail"... Related Guidelines Announced
Summary
- The SEC announced new guidelines requiring virtual asset companies issuing tokens to disclose in detail under federal securities laws.
- The guidelines emphasize that the disclosure content must specifically state the company's business model and the role of the token.
- However, it was stated that specific criteria for considering certain virtual assets as securities were not provided.
The United States Securities and Exchange Commission (SEC) has announced new disclosure guidelines for virtual asset (cryptocurrency) companies involved in token issuance and related activities.
According to CoinDesk on the 11th (local time), the SEC released non-binding guidelines the previous day, requiring virtual asset companies that issue tokens or engage in related activities to disclose in detail under federal securities laws.
In particular, the guidelines emphasize that the disclosure content submitted by companies must be specific and clear about their business model and the role of the token. However, the guidelines did not delve deeply into which virtual assets are considered securities or provide specific definitions or criteria related to this.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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