Top 9 Crypto Miners in Red as New Nasdaq Rules Spark Stocks Sell-off
Nasdaq announced new measures requiring some companies to seek shareholder approval before issuing new shares to finance new cryptocurrency purchases. The stricter oversight aims to curb attempts by firms to boost valuations by rebranding into crypto-focused stocks.
According to The Information, Nasdaq could suspend trading or delist companies that fail to comply. This additional scrutiny poses significant short-term regulatory risks to the corporate crypto adoption buzz that has dominated US markets under President Trump’s second-term administration.
The policy shift threatens to delay deals and create uncertainty for firms seeking to rapidly build strategic crypto reserves. The timing is critical as multiple companies have…
