One of the SEC’s biggest gripes with the crypto industry is lack of disclosure. Proper disclosures are a rite of passage for publicly traded companies but for crypto projects—many of which have tokens in the public realm—the practice is typically an after-thought at best.
Not only is there a lack of common standards when it comes to crypto disclosures, but many projects’ attempts at them are marred by lack of transparency, opaque performance metrics, and abundant information dissymmetry.
