diff --git a/README.md b/README.md
index 15a4f25..ab35143 100644
--- a/README.md
+++ b/README.md
@@ -1,8 +1,11 @@
 # Import Assertions
 
-Champions: Sven Sauleau ([@xtuc](https://github.com/xtuc)), Daniel Ehrenberg ([@littledan](https://github.com/littledan)), Myles Borins ([@MylesBorins](https://github.com/MylesBorins)), and Dan Clark ([@dandclark](https://github.com/dandclark))
+Champions: Sven Sauleau ([@xtuc](https://github.com/xtuc)), Daniel Ehrenberg ([@littledan](https://github.com/littledan)), Myles Borins ([@MylesBorins](https://github.com/MylesBorins)), Dan Clark ([@dandclark](https://github.com/dandclark)), and Nicolò Ribaudo ([@nicolo-ribaudo](https://github.com/nicolo-ribaudo)).
 
-Status: Stage 3.
+Status: Stage 2.
+
+> ⚠️ This proposal has been demoted from Stage 3 to Stage 2 in January 2023 due to [problems with the web integration](https://github.com/whatwg/html/issues/7233). TC39 is working on a solution, which will require relaxing the "assert only" semantics and potentially changing the syntax.
+> Import assertions have already been shipped in some implementations, consider the current instability when using them.
 
 Please leave any feedback you have in the [issues](http://github.com/tc39/proposal-import-assertions/issues)!
 
diff --git a/spec.html b/spec.html
index 28fbff6..183266b 100644
--- a/spec.html
+++ b/spec.html
@@ -6,7 +6,7 @@
 <pre class=metadata>
   title: Import assertions
   status: proposal
-  stage: 3
+  stage: 2
   location: https://github.com/tc39/proposal-import-assertions
   copyright: false
   contributors: Sven Sauleau, Myles Borins, Daniel Ehrenberg, Daniel Clark