# SEC staff withdraws its 2022 crypto-market disclosure sample letter

> Corporation Finance staff withdrew its December 2022 sample letter focused on disclosure of crypto-market disruption, bankruptcy, counterparty, liquidity, custody, collateral, and regulatory risks.

- URL: https://riadefi.com/regulation/2025-05-06-sec-crypto-market-disclosure-sample-letter-withdrawal/
- Posture: Guidance
- Authorities: U.S. Securities and Exchange Commission, Division of Corporation Finance
- Event date: 2025-05-06
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

## What changed

Corporation Finance staff withdrew its December 2022 sample letter focused on disclosure of crypto-market disruption, bankruptcy, counterparty, liquidity, custody, collateral, and regulatory risks. The withdrawal removes that staff comment template but does not remove issuers’ underlying federal disclosure obligations.

## Who it affects

- Public companies with crypto exposure
- funds and issuers
- investment advisers conducting issuer diligence
- auditors
- investors

## What is still open

- How staff will frame future comments on material crypto exposure under general disclosure requirements

## What it means for an advisor

- Remove the withdrawn letter as current staff guidance while continuing materiality-based diligence on crypto exposure, custody, counterparties, liquidity, conflicts, collateral, and legal proceedings.

## Sources

1. [SEC staff withdraws its 2022 crypto-market disclosure sample letter](https://www.sec.gov/rules-regulations/staff-guidance/disclosure-guidance/sample-letter-companies-regarding-recent) · U.S. Securities and Exchange Commission, Division of Corporation Finance · 2025-05-06


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.