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SEC calls on firms to disclose exposure to crypto bankruptcies and risks

Published 12/08/2022, 06:30 PM
Updated 12/08/2022, 08:20 PM

The United States Securities and Exchange Commission (SEC) has issued new guidance that could see publicly traded companies disclose their exposure to crypto assets.

In a statement released on Dec. 8, the SEC’s Division of Corporation Finance said that the recent upheaval in the crypto asset market has “caused widespread disruption” and noted that companies may have disclosure obligations under federal securities laws to disclose whether these events could have an impact on their business.

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