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SEC sends letter to companies urging updated disclosures amid ‘widespread disruption’ in crypto markets
The Securities and Exchange Fee is sending a letter to U.S. community firms asking corporations consider their disclosure obligations, such as a “distinct tailor-made disclosure,” about how recent crypto bankruptcies and broader money distress across the digital asset market may have strike their business. The letter is intended to illustrate the kind of opinions the securities agency may possibly ship to public organizations. “In meeting their disclosure obligations, businesses ought to think about the have to have to handle crypto asset sector developments in their filings typically, such as in their business enterprise descriptions, risk things, and management’s dialogue and analysis,” the SEC’s division of corporate finance reported in its…