Exclusive | Unusual Trading Ahead of Crypto-Treasury Deals Draws Scrutiny From U.S. Regulators

1. Regulators are investigating trading patterns in crypto-focused companies. 2. Concerns about insider trading and Regulation Fair Disclosure violations have been raised. 3. Over 200 companies announced crypto-treasury strategies in 2023, following MSTR's approach. 4. High trading volumes preceded many companies' announcements, raising suspicion. 5. SEC plans to provide clearer rules for the crypto market moving forward.