The SEC said it will push forward a series of rule reforms, including a proposed framework for classifying Cryptoasset and determining investment contracts, and will provide a written regulatory roadmap for related Token Issuance .
This information stems from a recent announcement by Jim Moloney, Director of the SEC's Division of Corporate Finance, with additional focuses such as simplifying disclosure under Regulation SK, XEM the option of semi-annual reporting instead of quarterly reporting, and implementing HFIAA requirements.
- The SEC is preparing to propose a framework for classifying Cryptoasset and criteria for investment contracts.
- The SEC is reviewing Regulation SK to reduce disclosure requirements for non-material matters.
- HFIAA: Section 16 reporting obligations will be applied to foreign issuer leaders starting March 18, 2026.
Cryptoasset classification framework and Token Issuance roadmap
The Division of Corporate Finance will propose to the SEC a framework for classifying Cryptoasset and determining how to define investment contracts.
The SEC stated that this framework aims to clarify the classification of Cryptoasset and criteria for identifying investment contracts, while also providing a written regulatory roadmap for related Token Issuance . This was outlined in a statement by Jim Moloney, Director of the Division of Corporate Finance.
If XEM by the SEC, the proposals could shape how the market regulates Token Issuance structures and compliance disclosure. The announcement underscores the focus of rule reform on Cryptoasset and corporate disclosure areas.
Simplify HFIAA disclosure, reporting selection, and requirements.
The SEC will review Regulation SK, explore the option of parallel quarterly and semi-annual reporting, and enforce Section 16 obligations under the HFIAA starting March 18, 2026.
The Division of Corporate Finance will XEM and revise Regulation SK to reduce non-substantive disclosure requirements. Simultaneously, the agency is prioritizing research to provide listed companies with the option of reporting both quarterly and semi-annual reports, as requested by the President.
Regarding HFIAA, the SEC stated that it will require directors and executives of foreign private issuers to comply with Section 16 reporting obligations relating to share ownership and transactions, beginning March 18, 2026.
