SEC Proposed New Rules For Companies to Disclose Crypto Risks

SEC Proposed New Rules For Companies to Disclose Crypto Risks


Cryptoknowmics
2022-12-09 05:48:18

The Securities and Exchange Commission (SEC) announced new recommendations Thursday, mandating corporations that sell securities to reveal to investors their exposure and crypto risks to the industry. Companies Should Disclose Crypto Risks The governing body that monitors disclosures for American public businesses claimed that the recommendation was necessary in light of recent bankruptcies and financial difficulty among cryptocurrency market players that transpired this year, particularly the highly publicized collapse of FTX and its corporate family. The agency guideline adds that in order to comply with their disclosure duties, corporations should examine the need to implement interventions in the cryptocurrency market The post SEC Proposed New Rules For Companies to Disclose Crypto Risks appeared first on Cryptoknowmics-Crypto News and Media Platform .