The U.S. Securities and Exchange Commission (SEC) has issued new guidance on disclosure requirements for crypto asset offerings and registrations, following the repeal of the Internal Revenue Service's (IRS) decentralized finance (DeFi) broker rule. SEC staff statements emphasize the need for detailed disclosures related to crypto tokens, including stablecoins, to enhance transparency in the crypto asset markets. Legal and industry experts have provided analyses and commentary on these developments, highlighting the SEC's clarified stance on compliance and disclosure obligations for crypto securities. These updates aim to provide clearer regulatory expectations for market participants involved in crypto asset offerings and registrations.