According to CoinMeta, the U.S. Securities and Exchange Commission (SEC) has issued an important reminder regarding privately held assets that are difficult to value, urging the financial industry to intensify their efforts in valuing such assets. On Monday, although no new rules were proposed, this was seen as a key reminder indicating that the agency will focus on how companies determine the value of their holdings and disclose related risks to investors. In a joint statement, the SEC's Chief Financial Officer Office and Investment Management Department stated that sound policies and procedures, coupled with adequate information disclosure, will help investors understand the fair value assessment process and related risks.