The U.S. Securities and Exchange Commission (SEC) has released new guidance urging crypto companies to provide more comprehensive information in cases where tokens could be considered securities.
The SEC specifically called for clear and transparent disclosures regarding the function of tokens, their role within projects, and the technical structure of blockchain networks.
Published ahead of the agency’s second crypto roundtable, the guidance also recommends that companies include details about their operations, whether the technologies used are open-source, the rights granted to token holders, and how the networks are developed. However, the statement notably does not offer a definitive classification of which crypto assets qualify as securities.
While the guidance is not a formal regulation, it reflects the SEC's continued efforts to bring legal clarity to the crypto space. Industry representatives, meanwhile, are calling for clearer, binding rules to reduce regulatory uncertainty.
