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 |
1254 paragraphs · Services-Computer Integrated Systems Design show all sectors
Moreover, the legislative and regulatory landscape continues to evolve to include alternative payment types, including digital and cryptocurrencies. The regulatory environment for crypto assets, stablecoins, and digital currencies is rapidly evolving, with increased oversight from federal and state regulatory agencies. Recent developments, including the GENIUS Act, and other legislative initiatives, bring increased oversight and more robust compliance obligations including consumer protection, anti-money laundering, sanctions compliance, operational resilience and recordkeeping requirements. We closely monitor legislative and regulatory changes to ensure any existing or new business models, product offerings, and risk and compliance programs adapt to new requirements. Any failure to comply with such laws and regulations could expose us to liability, regulatory scrutiny and/or reputational damage. Rapid changes to cryptocurrency laws and regulations could increase the costs and complexity of compliance, including associated recordkeeping costs, or could require us to change our business practices in a timeframe or manner adverse to our business. As we make significant investments in research, development, and marketing for new products in emerging technologies in an uncertain and rapidly changing regulatory landscape, we may not achieve immediate or expected returns.
Read in the 10-K filed Aug 28, 2026 ↗