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WASHINGTON, Dec 8 (Reuters) – The U.S. securities regulator on Thursday warned public companies to consider whether they should disclose to investors any potential impact of recent market volatility and bankruptcies in the cryptocurrency sector.
In guidance to public companies, the Securities and Exchange Commission (SEC) has detailed information that companies may be required to share with their investors, including whether companies have financially significant exposures to counterparties that have filed for bankruptcy or have become insolvent.
Public companies are already required by law to disclose material financial information to investors, but the SEC frequently advises companies on how they should manage exposure to major events.
Thursday’s forecast comes after months of turmoil in crypto markets and the recent collapse of major crypto firms FTX and BlockFi Inc.
Reporting by Chris Prentice in Washington Editing by Matthew Lewis
Our standards: The Thomson Reuters Trust Principles.
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