The decision comes in the wake of the financial collapse of FTX, one of the largest cryptocurrency exchanges in the world. One suggested item in such disclosures would include how bankruptcies “have impacted or may impact your business, financial condition, customers, and counterparties, either directly or indirectly.”
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After FTX Collapse, SEC Calls for Clearer Disclosures of Crypto Exposure
The Securities and Exchange Commission issued new guidance requiring securities-issuing companies to disclose how much crypto exposure they offer their investors. So reports CNBC.
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