US SEC Suspends Trading of QMMM Shares, a Bitcoin and Ethereum Treasury Company

Jinse Finance reported that digital advertising company QMMM Holdings announced earlier this month that it is purchasing Bitcoin, Ethereum, and Solana. After the company shifted to a cryptocurrency strategy, its stock soared by more than 2,100% over the past month. The U.S. Securities and Exchange Commission (SEC) has now suspended trading of the stock, claiming that there may be market manipulation involved.