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According to BlockBeats, on April 11th, the US Securities and Exchange Commission (SEC) stated on Thursday that cryptocurrency companies issuing or processing tokens that may be considered securities should provide detailed disclosure information. The SEC released its latest employee disclosure statement prior to the second roundtable meeting, which will focus on trading, as part of efforts to provide greater clarity on the application of federal securities laws in the cryptocurrency sector. This non binding guidance suggests that companies submitting disclosures should accurately explain their business content and the role that tokens may play in their business. The statement points out that many of the contents are based on observations of the company's previously disclosed information. The statement did not delve into which cryptocurrencies are defined as securities, or what clear guidance on this issue may look like. The statement stated, "These issuances and registrations may involve issuer equity or debt securities related to networks, applications, and/or encrypted assets. These issuances and registrations may also involve encrypted assets that are part of or subject to investment contracts (such encrypted assets are referred to as' underlying encrypted assets') Many details include information disclosed by existing companies observed by the SEC, such as whether these companies are developing encryption or blockchain networks, their development milestones, the purpose of the networks, and whether they are based on open source or other technology stacks. The statement pointed out that previous disclosures also included details such as the rights and technical specifications of token holders.