The SEC introduces a series of rule reforms, including "Project Crypto," to simplify disclosure and regulation.
PANews reported on February 13 that, according to the U.S. Securities and Exchange Commission (SEC) website, Jim Moloney, Director of the SEC's Division of Corporate Finance, stated in a recent announcement that the SEC will advance several rule reforms focusing on crypto assets, simplified Regulation SK disclosures, semi-annual reports, and the implementation of HFIAA. The Division of Corporate Finance will propose to the Commission a framework for classifying crypto assets and determining "investment contracts," and provide a written regulatory path for related token issuances; it will also review and amend Regulation SK, reducing non-substantive disclosure requirements; prioritize research into providing listed companies with a parallel option for quarterly and semi-annual reporting, as requested by the President; and, in accordance with HFIAA requirements, mandate that directors and executives of foreign private issuers fulfill Section 16 reporting obligations regarding shareholdings and transactions starting March 18, 2026.
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