Signaling a willingness to provide clear guidance and a more friendly approach to the cryptocurrency industry, on July 1, 2025, the United States Securities and Exchange Commission's Division of Corporation Finance issued a statement providing guidance on certain disclosure requirements relating to offerings and registrations of securities by issuers of cryptocurrency asset exchange-traded products (ETPs). In particular, the SEC's statement elucidates how such disclosures related to such ETPs are required by pre-existing SEC regulations.