In a significant move to enhance transparency in the crypto market, over 40 firms, including prominent exchanges like Coinbase, Kraken, and Binance.US, have established the Transparency Alliance. This coalition is set to adopt the Token Transparency Framework developed by Blockworks, which aims to provide standardized disclosures akin to those in traditional stock markets. The framework encompasses both one-time disclosures for new tokens and continuous updates for established protocols, detailing crucial information such as insider allocations and market maker agreements. Since its introduction in June 2025, 44 protocols have already participated in the framework, which is free for issuers. The initiative has attracted the attention of U.S. regulatory bodies, including the Securities and Exchange Commission and the Commodity Futures Trading Commission, highlighting a growing demand for better classification and disclosure in the crypto space. Blockworks co-founder Jason Yanowitz noted that while speculative tokens will still exist, the goal is to ensure that investors understand what they are purchasing, thereby facilitating a more informed investment environment as the industry seeks to draw in institutional capital.