What Specific Regulations Govern STOs in Major Financial Jurisdictions?

In the US, STOs are governed by the Securities and Exchange Commission (SEC) under regulations like Regulation D (Reg D), Regulation A (Reg A), and Regulation S (Reg S). The EU uses the Markets in Crypto-Assets (MiCA) regulation to provide a comprehensive framework.

These regulations mandate disclosure, investor protection, and often restrict trading to accredited investors. Compliance is complex and jurisdiction-dependent.