SEC considers shift to semi-annual reports, impacting crypto firms

The U.S. Securities and Exchange Commission (SEC) is reviewing a proposal to replace quarterly reporting requirements for public companies with a semi-annual system, a move that could impact the cost structures of listed cryptocurrency firms like Coinbase, BeInCrypto reported. If adopted, the change would mean companies only need to disclose earnings twice a year. According to the report, while businesses would benefit from a reduced disclosure burden, the longer reporting cycle poses risks of lower investor confidence and reduced liquidity. This would require listed crypto companies to balance the potential cost savings against the need for market transparency.