US SEC advises public companies on disclosing crypto impacts According to Reuters

© Reuters. FILE PHOTO: The U.S. Securities and Exchange Commission seal hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo

WASHINGTON (Reuters) – The U.S. securities regulator on Thursday warned public companies to check whether they need to disclose to investors any potential impact from market volatility. recent and bankruptcies in the crypto industry or not.

To guide public companies, the Securities and Exchange Commission (SEC) provides detailed information that businesses may have to share with their investors, including whether the companies whether the company has any significant financial risk to its counterparties that have filed for bankruptcy or insolvency.

Public companies are required by law to disclose material financial information to investors, but the SEC regularly issues guidance to companies on how they should deal with exposure to events. big event.

Thursday’s guidance comes after months of turmoil in the crypto market and the recent collapse of major crypto firms FTX and BlockFi Inc.

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