SEC's Crypto Treasury Probe Halted During Shutdown

The SEC has paused its investigation into public companies using crypto in their treasuries due to the government shutdown. The agency was preparing to scrutinize firms that added Bitcoin, Ethereum, or Solana to their balance sheets and saw their stock prices spike afterwards. With most staff furloughed, subpoenas and other enforcement tools have been temporarily shelved. The investigation is expected to resume once the shutdown ends and SEC staff return to full strength. Companies that tied crypto purchases to major public announcements and saw a stock bump right after are likely to be first in line for scrutiny.