SEC Halts Trading of Crypto Treasury Firm QMMM, Exposing a TradFi Problem
TL;DR
- The SEC has temporarily frozen QMMM trading after an explosive price spike linked to its decision to build a crypto treasury.
- While regulators frame the move as a manipulation probe, many analysts argue it reflects traditional finance’s discomfort with corporations adopting decentralized assets.
- Rather than discouraging crypto strategies, the event highlights how outdated market frameworks struggle to process blockchain-native capital flows.
The US Securities and Exchange Commission has halted trading of QMMM Holdings after the company’s shares skyrocketed more than 1,700 percent in a matter of days. The surge followed QMMM’s decision to allocate $100 million into Bitcoin, Ethereum and Solana. Retail traders piled…
