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SEC Halts Trading of Bitcoin, Ethereum Treasury Firm QMMM After 2,000% Stock Surge

The SEC has halted trading for QMMM Holdings after its stock surged over 2,100% following a plan to purchase Bitcoin, Ethereum, and Solana. The trading suspension, lasting until October 10, 2025, was prompted by potential manipulation related to recommendations made to investors via social media that appeared to artificially inflate the stock's price and volume. QMMM's announcement ignited significant investor interest, leading to the dramatic increase in its stock price, which closed at $119.40. According to reports, the SEC and FINRA are scrutinizing firms that have engaged in unusual trading activities correlated with digital asset treasury announcements. As digital asset investments become more common among companies seeking better returns, the regulatory focus has intensified. The halt in trading reflects the pressures faced by regulators in managing the growing intersection between traditional markets and cryptocurrencies.

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