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-Prepackaged Software show all sectors
Certain states may also impose licensing requirements relating to blockchain technologies and digital assets. Although we are not directly involved in the custody, trading or exchange of digital assets and instead rely on a third-party provider, regulatory frameworks governing digital assets continue to evolve and may subject us to additional licensing or compliance obligations.
Read in the 10-K filed May 21, 2026 ↗
Because we do not custody digital assets directly and do not maintain insurance covering such assets—and our third-party provider does not maintain separate insurance coverage for customer digital assets—customers transacting in digital assets through our platform may suffer uninsured losses with limited recourse. Any regulatory action, licensing deficiency or customer losses associated with digital asset activities could result in enforcement actions, litigation, reputational harm and adverse impacts on our business.
Read in the 10-K filed May 21, 2026 ↗