U.S. government shutdown halts SEC cryptocurrency financial investigations; subpoenas may be issued quickly after reopening
ChainCatcher reported that the U.S. government shutdown has led to a temporary freeze of the Securities and Exchange Commission (SEC)'s insider trading investigation into Digital Asset Treasury (DAT).
Several former SEC attorneys stated that once the government reopens, the regulatory agency will almost certainly resume the investigation, and if suspicious trading patterns are found, subpoenas could be issued within 1-2 months. At the end of September this year, the SEC and FINRA contacted several publicly listed companies that have adopted cryptocurrency treasury strategies to investigate abnormal fluctuations in stock prices and trading volumes. It is worth noting that the Trump family is connected to several DAT companies, including ALT5 Sigma, which holds WLFI tokens, and Trump Media under Donald Trump, making this investigation a "sensitive topic."
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