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BTCS CEO: Frequent Public Disclosure of Crypto Holdings May Not Always Align with Shareholder Interests
Summary: In a recent statement, Charles Allen, CEO of BTCS, a strategic reserve company for Ethereum in the US stock market, emphasized that while the cryptocurrency sector emphasizes real-time transparency, US-listed companies follow a quarterly disclosure rhythm and must disclose major events within 4 days - this is the current regulation. US-listed companies can certainly choose ...
In a recent statement, Charles Allen, CEO of BTCS, a strategic reserve company for Ethereum in the US stock market, emphasized that while the cryptocurrency sector emphasizes real-time transparency, US-listed companies follow a quarterly disclosure rhythm and must disclose major events within 4 days - this is the current regulation. US-listed companies can certainly choose to disclose information more frequently, as long as they avoid involving GAAP (Generally Accepted Accounting Principles) metrics that require auditor review. However, more frequent disclosure is not always in the best interests of shareholders, and the board has a fiduciary duty to protect shareholder interests. After all, laying all cards on the table during a game of cards is not the way to win.
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Link: BTCS CEO: Frequent Public Disclosure of Crypto Holdings May Not Always Align with Shareholder Interests [Copy]
