Nasdaq Tightens Scrutiny of Crypto-Focused Firms Amid Market Volatility

Nasdaq has increased its oversight of companies working in the cryptocurrency space, especially those seeking capital for crypto acquisitions. This move comes as institutional investors are becoming more cautious about these investments due to recent market changes. Shareholder approval is now required for actions regarding crypto-related funds. This change was implemented in response to a rise in digital asset-related equity raises by companies listed on Nasdaq. Institutional investment has surged, leading to increased scrutiny from the platform.