The U.S. Securities and Exchange Commission (SEC) has released new guidance pertaining to the application of federal securities laws to the crypto asset market. This guidance, issued by the SEC’s Division of Corporation Finance, clarifies disclosure requirements for crypto companies issuing securities, including debt and tokenized real-world assets. The SEC's statement outlines the types of information firms should disclose, such as business details, financial risks, and financial statements. Additionally, the SEC clarified that certain reserve-backed stablecoins, designed to maintain a stable value relative to the U.S. dollar, may not be classified as securities. This development is seen as a pivotal step in providing clearer regulatory frameworks for the crypto industry, which has faced uncertainty regarding compliance with existing securities laws.