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Nasdaq Cracks Down on Crypto-Hoarding Firms

Published by
Sohrab Khawas

Nasdaq is stepping up oversight of companies that raise funds to buy and hold large amounts of cryptocurrency to inflate their stock prices. The tighter scrutiny aims to prevent misleading practices and increase transparency for investors. Companies will now need to provide detailed disclosures about their crypto holdings, which could help stabilize the market by curbing risky hype and protecting investor interests. This move reflects growing regulatory focus on crypto-driven stock market behavior.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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