Core Viewpoint - The SEC is preparing reforms to corporate disclosure rules, potentially allowing companies, including those in the crypto sector, greater flexibility in reporting earnings [1][2]. Group 1: Proposed Changes - The SEC is prioritizing a proposal to allow markets, including investors and banks, to determine the frequency of company reporting instead of adhering to mandatory quarterly schedules [1][2]. - President Donald Trump has called for a shift from quarterly to semiannual reporting, arguing it would save costs and enable executives to focus on long-term strategies [2]. Group 2: Support and Opposition - Supporters of less frequent reporting, such as Norway's sovereign wealth fund and the Long-Term Stock Exchange, argue that semiannual reports can reduce short-term thinking pressure [3]. - Opponents contend that reducing disclosure frequency could harm transparency, particularly affecting retail investors who depend on public filings [3]. Group 3: Implications for Crypto Firms - If adopted, the rule change could benefit crypto firms by easing financial and administrative burdens associated with regulatory scrutiny [6]. - With less pressure for short-term results, crypto companies could focus more on long-term blockchain strategies and ecosystem expansion [6]. - A flexible reporting cadence could enable companies to communicate performance in ways that better reflect the volatility and innovation cycles of the digital asset market [6]. Group 4: Current Reporting Requirements - Currently, all publicly traded companies in the U.S. must file quarterly earnings reports, although forecasts remain voluntary [4]. - The SEC could change this requirement with a majority vote, and the current political landscape is favorable for such a proposal [4]. Group 5: Existing Practices - Semiannual reporting is already standard for foreign private issuers trading in U.S. markets, indicating that this practice is not unfamiliar to the market [5].