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The U.S. regulatory investigation into the insider trading of the Crypto Assets strategic reserve company.
[U.S. Regulatory Investigation into Insider Trading at Cryptocurrency Strategic Reserve Companies] According to the Wall Street Journal, informed sources have revealed that U.S. financial regulators have launched an investigation into abnormal trading patterns of companies attempting to incorporate cryptocurrency purchases as a core corporate strategy. The SEC and FINRA have contacted some of the over 200 companies that announced they would adopt cryptocurrency reserve strategies this year, expressing concerns about the significant increase in trading volume and the sharp rise in stock prices just days before these companies made public announcements. Officials warned that companies might be violating the Fair Disclosure Rules. Lawyers indicated that such letters often mark the beginning of a deeper investigation into insider trading. Companies announcing cryptocurrency reserve strategies have surged in the past few months, mimicking Strategy(MSTR.O) by raising funds through the issuance of stocks and bonds to purchase Bitcoin and other digital tokens.