SEC Puts Crypto Treasury Probe on Hold During Shutdown
The Securities and Exchange Commission has hit the brakes on a wide‑reaching investigation into how public companies have been using crypto in their treasuries. The reason has nothing to do with the industry itself, but with the government shutdown that forced SEC attorneys and investigators into furlough.
The agency was preparing to dig into firms that added Bitcoin, Ethereum, or Solana to their balance sheets and may have seen their stock prices spike shortly after. With most staff out, subpoenas and other enforcement tools have been temporarily shelved.
More than 200 public companies had disclosed crypto asset placements in their treasuries. Around the same time, some of them saw sharp and sudden moves in stock price…
