Nasdaq begins to tighten oversight over companies that raise funds for cryptocurrency investments. This is driven by Wall Street's growing interest in digital asset strategies.
Mandatory Votes and Trading Risks
According to the report, Nasdaq now requires shareholder approval for certain deals and implements new disclosure requirements. Companies that do not comply may face trading suspensions or even delisting.
Impact on DAT Stocks
Following the announcement of the new rules, several DAT-focused stocks experienced sharp declines. Nasdaq's tightening throws a regulatory obstacle in a previously fast-moving treasury play.
Challenges for Companies in the Crypto Market
Some firms are pivoting to more complex token strategies, while the pressure on smaller companies is increasing. New Nasdaq rules may choke smaller players out of the DAT game, despite the $98 billion raised this year.
Nasdaq's new measures highlight significant shifts in the approach to cryptocurrency investments on Wall Street, potentially changing the market landscape for participating companies.
