FEDS examining the trading of potential initiates in the main cryptographic transactions

Federal regulators examine an increasing number of companies that have adopted so-called Crypto-Trésor strategies this year after unusual negotiation models in their actions drew their attention.

The business trend has exploded in recent months, with hundreds of companies investing in the crypto this year. Crypto-tresor strategies, popularized by the strategy (formerly Microstrategy), involve fundraising thanks to sales or debts specifically to buy bitcoin and other cryptocurrencies. For some of these companies, this program is no longer a secondary experience; Some people invest in the crypto the centerpiece of their corporate strategy.

For example, the strategy, which was founded in 1989, was best known as an intelligence and software company before it pivoted its current Crypto business strategy in 2020 when it invested $ 250 million in Bitcoin. Last February, he dropped the microphone of his name.

The Wall Street Journal reported on Thursday, citing anonymous sources, that the American Securities and Exchange (SEC) commission and the Finnish Industry Regulatory Authority (Finra) contacted several companies. People familiar with the case told the newspaper that the regulators were concerned with unusual negotiation volumes and current price gains before public ads on cryptography purchases.

SEC officials have warned the companies they could potentially have raped the rule of the disclosure of the right regulation, which prohibits public enterprises from selectively sharing non-public information with analysts and investors who could discuss it. Lawyers have told the newspaper that Finra letters often signal the start of the probes on the crime of potential initiate.

The dry did not immediately respond to a request for comments from Gizmodo, while Finra refused to comment.

For many companies, the pivot of a crypto-tresor is to quietly assess external investors wishing to finance their purchases of crypto in private. These investors are generally required to sign non-disclosure agreements, keeping the identity of companies secret until the official announcements are made. But as some actions have increased in the days preceding the news of crypto purchases, it seems that certain information on these investments may have flee.

According to the newspaper, quoting the Société de Crypto-Avisage Architect Partners, 212 new companies have announced its intention to raise around $ 102 billion for crypto purchases so far this year.

The Wall Street Journal said it was not yet clear if regulators planned to take measures against businesses or investors.

The newspaper noted that the president of the SEC, Paul Atkins, had recently criticized the past tactics of the commission, saying that it had “armed” its application to stifle the crypto.

Given the pro-Crypto policies of the Trump administration, a lax reaction of the dry would not be too shocking. The president was very friendly with the industry, which helped him make a fortune himself.