Trump Proposes Major SEC Shakeup: Quarterly Earnings Reports at Risk – How this Impacts Crypto Firms

President Donald TRUMP has reignited his push to eliminate mandatory quarterly earnings reports for U.S. public companies, advocating for semiannual disclosures instead. The proposal, shared via Truth Social on Monday, argues that reducing reporting frequency would lower costs and allow executives to focus on long-term growth. "Subject to SEC approval, companies and corporations should no longer be forced to report on a quarterly basis," Trump stated, framing the move as a counter to short-term pressures plaguing American businesses.

The initiative mirrors Trump's earlier efforts during his presidency, when he directed the SEC to explore shifting to biannual reporting—a plan that stalled amid transparency concerns. The crypto industry, with its emphasis on agility and regulatory adaptation, could face Ripple effects if the SEC adopts the proposal. Reduced reporting burdens might benefit smaller crypto firms, but critics warn it could erode investor confidence in publicly traded digital asset companies.