Nasdaq (Nasdaq:NDAQ) is reportedly looking to increase its oversight of companies that seek to bolster their stock prices by raising capital to amass cryptocurrency reserves.
This move reflects growing concerns about the speculative nature of such strategies, as some Nasdaq-listed firms increasingly pivot toward digital assets to attract investor interest.
According to industry sources and regulatory filings, the exchange is now mandating that certain companies obtain shareholder approval before issuing new shares to fund cryptocurrency purchases.
This development positions Nasdaq as a key gatekeeper in an evolving financial landscape where exotic tokens and intricate corporate structures are becoming more common.
The decision comes at a time when the U.S. Securities and Exchange Commission (SEC) has scaled back its involvement in directly regulating such transactions.
With the SEC taking a less hands-on approach, Nasdaq has…
