Crypto assets
43 of 521 companies added a paragraph in Risk Factors that uses one of these words:
cryptocurrency, cryptocurrencies, bitcoin, digital assets, stablecoin.
The paragraph is in the latest 10-K and nothing like it was in the one before.
It counts text; it does not say how serious a risk is. Words in capitals only (such as AI) must be in capitals.
By sector
Sector is the SEC's industry description of the company. Each count opens that sector's quotes below.
| Sector | Companies | Compared |
|---|---|---|
| Retail-Computer & Computer Software Stores | 1 | 1 |
| Finance Services | 25 | 28 |
| Security & Commodity Brokers, Dealers, Exchanges & Services | 2 | 4 |
| Security Brokers, Dealers & Flotation Companies | 3 | 7 |
| Services-Computer Integrated Systems Design | 1 | 3 |
| National Commercial Banks | 3 | 11 |
| Services-Business Services, NEC | 4 | 16 |
| Services-Computer Processing & Data Preparation | 1 | 4 |
| Services-Computer Programming, Data Processing, Etc. | 1 | 5 |
| Investment Advice | 1 | 8 |
| Services-Prepackaged Software | 1 | 19 |
1234 paragraphs · Security & Commodity Brokers, Dealers, Exchanges & Services show all sectors
Legislation regarding the regulatory market structure applicable to the trading and clearing of spot digital assets is currently being considered in Congress. It is not yet certain whether the legislation will be signed into law or whether it will have any impact on listed derivatives regulation.
Read in the 10-K filed Feb 26, 2026 ↗
In May 2025, we acquired a digital asset custody business now known as ICE Digital Trust, LLC. Our new initiatives in connection with our digital asset custody business present operational, reputational, and financial risks, including increased risk of a security breach, system failure, or in connection with a decline in demand for digital assets.
Read in the 10-K filed Feb 5, 2026 ↗
Additionally, custodial platforms are prime targets for hackers. A breach of our custody systems could lead to the theft of customer assets and unauthorized transfers, for which the company might be held liable, and traditional insurance may not adequately cover losses related to digital assets. Further, our ownership of a digital asset custody business may also involve dependencies on decentralized or other third party blockchain services and the protocols, which we do not control and in turn may expose us to new and evolving technological risks.
Read in the 10-K filed Feb 5, 2026 ↗
The digital asset industry is subject to rapidly evolving and uncertain regulations at both the state and federal levels. Changes in laws or enforcement patterns, such as those related to anti-money laundering (AML) and tax reporting, could impact our ability to operate the business. Further, recent developments in the digital asset economy have led to increased volatility in digital asset markets, which in turn may increase the potential for loss of confidence in the digital asset ecosystem, or negative publicity surrounding digital assets impacting our reputation.
Read in the 10-K filed Feb 5, 2026 ↗
1 more from ICE, with the rest of what changed in its 10-K →