On April 10, 2025, the SEC’s Division of Corporation Finance released a staff statement outlining its views on the disclosure obligations under federal securities laws for securities offerings and registrations that may involve issuers operating in the crypto asset sector. The Staff highlighted recurring disclosure issues identified during its reviews of filings submitted under the Securities Act of 1933 and the Securities Exchange Act of 1934 by companies engaged with networks, applications, or crypto assets.
The statement aims to clarify the Staff’s current interpretive position while the SEC’s Crypto Task Force continues its broader regulatory work.
Akin Gump has posted an analysis of the release at its website.
Mark Astarita is a nationally recognized securities attorney, who represents investors, financial professionals and firms in securities litigation, arbitration and regulatory matters, including SEC and FINRA investigations and enforcement proceedings.
He is a partner in the national securities law firm Sallah Astarita & Cox, LLC, and the founder of The Securities Law Home Page - SECLaw.com, which was one of the first legal topic sites on the Internet. It went online in 1995 and is updated daily with news, commentary and securities law related links.