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ARTICLE · 14 DECEMBER 2022

Sample Letter To Companies Regarding Recent Developments In Crypto Asset Markets

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Last week, the Staff of the Division of Corporation Finance of the Securities and Exchange Commission posted a sample comment letter (see the sample letter) in...

United StatesTechnology
Anna T. Pinedo
Anna T. Pinedo
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Last week, the Staff of the Division of Corporation Finance of the Securities and Exchange Commission posted a sample comment letter (see the sample letter) in order to provide guidance to reporting companies regarding the types of disclosures that reporting companies should consider to the extent that a filer has been impacted by a bankruptcy or by the financial distress of a crypto asset market participant. In its communication, the Staff noted that these recent events have caused "widespread market disruption." As a result, some companies may be impacted and should evaluate their disclosures in order to provide investors with appropriate, tailored, company-specific discussions of the impact of such events on the company's business, operations and future operating results.

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