On December 8, 2022 US Securities and Exchange Commission issued Sample Letter to Companies Regarding Recent Developments in Crypto Asset Markets. It said that recent bankruptcies and financial distress among crypto asset market participants have caused widespread disruption in those markets. Companies may have disclosure obligations under the federal securities laws related to the direct or indirect impact that these events and collateral events have had or may have on their business.
Under it listed companies are required to disclose their material risk exposure to crypto assets. It also contains a sample letter that it may issue to companies. The companies shall disclose the following :
- Market conditions
- company’s situation in relation to those events and conditions
- Its potential impact on the investors.
The detailed letter could be found at, https://www.sec.gov/corpfin/sample-letter-companies-regarding-crypto-asset-markets