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12/8/2022, 10:07 PM (Source: TeleTrader)
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SEC to require digital currency risk disclosure

The United States Securities and Exchange Commission announced new guidance for public companies, under which it will ask them to reveal the amount of digital assets they hold, as well as related risks in their future public filings.

Specifically, the companies in question will now have to report the consequences of the latest cryptocurrency turmoil on their businesses, the SEC said in a document issued on Thursday.

SEC Chair Gary Gensler told Yahoo Finance yesterday that crypto firms should "come into compliance" and warned that the crypto "field will not last long outside of public policy norms."

Baha Breaking News (BBN) / MS