Yes, disclosures are in order. However, there are some disclosures that don’t apply, as well as things you might want to know about a digital asset that wouldn’t be included in current disclosure requirements. For example, MiCA requires that projects disclose the type of blockchain consensus mechanism they use, and its environmental impacts. But for now, they can do that in a public whitepaper, rather than a prospectus. Providing new definitions and rules like these seems like a better course than regulation by enforcement.
U.S. Lawmakers Can Get Crypto Regulations Right if They Act Now
