Olshan Corporate partner Kenneth Silverman and associate John Corrado published an article in Bloomberg Law entitled “The SEC Drew New Crypto Lines. What Issuers Need to Consider Now.” In the article, Ken and John discuss how the SEC’s interpretive release outlines crypto asset categories and what issuers should consider after launch, with a focus on ongoing communications and compliance implications.
Authored by Kenneth M. Silverman; Zachary E. Freedman, Law Clerk
On August 26, 2020, the SEC adopted amendments to its business, legal proceedings and risk factors disclosure rules. All public companies, particularly smaller ones, can benefit from the SEC’s continuing commitment to a principles-based and company-specific approach to disclosure in registration statements, periodic reports and certain proxy statements filed with the SEC.
The SEC proposes rules to add a new category for individuals to qualify as accredited investors based on professional certifications and designations or credentials that show “financial sophistication.” The SEC requests public input on exactly which industry exams, academic degrees and levels of job experience should be considered.