The Securities and Exchange Commission (SEC) has issued a sample letter to companies involved in the crypto asset markets, urging them to consider the risks associated with these markets.
The letter emphasizes that firms should not only be aware of the unique risks associated with virtual assets, but also take steps to ensure compliance with applicable laws and regulations.
Additionally, the letter reminds companies of their fiduciary duties to investors, including their obligation to ensure the safety and soundness of their operations.
Finally, the SEC urges companies to contact the Commission if they have questions or need assistance.
