On December 8, 2022, the Division of Corporation Finance within the Securities and Exchange Commission (“SEC”) published guidance on disclosure obligations related to recent disruptions in the crypto asset market. The Sample Letter to Companies Regarding Recent Developments in Crypto Asset Markets aims to improve compliance with disclosure obligations under SEC regulations.

Federal law requires

In November 2021, non‑state issued digital assets reached a combined market capitalization of $3 trillion, up from approximately $14 billion in early November 2016.  Several global monetary authorities are exploring, and in some cases introducing, central bank digital currencies (CBDCs).  On March 9, 2022, President Biden issued an executive order to mandate multiple reports and