SEC Commissioner: SEC released disclosure guidelines for ETP of cryptocurrency assets last week

According to Foresight News, Hester Peirce, a commissioner of the US Securities and Exchange Commission (SEC), stated that last week, SEC staff released a guide to assist in preparing disclosures for cryptocurrency ETPs. This guide outlines the content that cryptocurrency ETF issuers must include in their documents. It covers a detailed description of how to calculate net asset value and choose service providers, as well as custody practices and potential conflicts of interest. The SEC states that issuers must disclose information in a targeted manner based on their specific structure, emphasizing the review of asset selection, custody, conflicts of interest, and ETF creation/redemption mechanisms.