Regulators Probe Unusual Stock Moves in Crypto Treasury Firms

U.S. market regulators are investigating unusual stock movements preceding announcements from publicly traded cryptocurrency treasury companies. The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) are scrutinizing sudden price surges and elevated trading volumes in these stocks before crypto acquisition plans become public.

Authorities have contacted multiple firms among over 200 digital asset treasuries (DATs) under review. SEC officials emphasize that selective disclosure of material information—violating Regulation Fair Disclosure (Reg FD)—could lead to legal repercussions. Companies have been warned to improve transparency in their information-sharing practices.

The probe coincides with the rapid adoption of crypto treasuries as a corporate strategy, though the report did not specify implicated cryptocurrencies or exchanges. Regulatory focus remains on ensuring market fairness amid growing institutional interest in digital assets.