Blockworks forms alliance with cryptocurrency institutions such as Coinbase to promote "stock market like" disclosure standards According to BlockBeats, on May 27th, the Transparency Alliance initiated by Blockworks was officially established, with support from over 40 cryptocurrency companies including Coinbase, Kraken, Binance. US, etc., to jointly promote the establishment of a unified token information disclosure standard to enhance market transparency and attract institutional capital. The alliance is based on Blockworks' Token Transparency Framework, attempting to establish a standardized information disclosure mechanism for encrypted assets similar to the stock market, allowing investors to have a clearer understanding of token structure and risks. The framework covers information such as token issuance structure, internal position allocation, market maker arrangements, exchange listing terms, and repurchase mechanisms, and is divided into two document systems: "one-time disclosure before issuance" and "continuous update disclosure". Currently, 44 projects, including Morpho, Jupiter, Spark, and dYdX, have completed relevant filings. Industry insiders point out that this measure aims to establish a unified information infrastructure for the cryptocurrency market to meet the transparency and compliance requirements of institutional investors. Blockworks stated that the framework has been communicated with relevant personnel from the US Securities and Exchange Commission (SEC) and the US Commodity Futures Trading Commission (CFTC). [Original link]