The crypto assets industry has always prided itself on its real-time transparency, but for blockchain companies that are already listed in the traditional financial market, information disclosure faces unique challenges. Recently, Charles Allen, the CEO of the Nasdaq-listed company BTCS, shared his insights on this topic on social media.

Allen pointed out that despite the crypto industry advocating for instant transparency, institutions like BTCS, as publicly traded companies, still need to comply with existing financial regulatory rules. These rules typically require companies to disclose information on a quarterly basis and disclose it within four days after a significant event occurs.

However, Allen also emphasized that the current rules do not prohibit companies from choosing to disclose information more frequently. As long as they avoid GAAP metrics that require auditing, publicly traded companies can theoretically adopt a more transparent disclosure strategy. However, he also pointed out that overly frequent information disclosure may not always be in the best interest of shareholders.

Allen cleverly uses the poker game as a metaphor, suggesting that retaining certain information in business competition may be a wise move. As board members, they have a fiduciary duty to find a balance between transparency and strategic considerations.

This viewpoint has sparked deep reflection within the industry on how encryption companies operate within the TradFi system. Achieving a balance between maintaining the unique transparency culture of the encryption industry and adhering to the rules of the traditional financial market has become a topic worthy of discussion.

As more and more encryption companies seek to go public, reconciling the characteristics of the industry with regulatory requirements will become a long-term challenge. Allen's perspective offers a unique insight into this complex issue and provides material for thinking about the future direction of the industry.