QMMM, a Hong Kong-based digital asset company, is facing scrutiny from the Securities and Exchange Commission (SEC) following allegations of market manipulation related to a failed $100 million crypto treasury plan. This comes after executives reportedly fled the company without fulfilling their plans. SEC actions follow the collapse of QMMM, which has raised concerns about regulation in the cryptocurrency industry. Binance CEO Changpeng Zhao (CZ) calls for stricter regulatory standards for digital asset companies, emphasizing the need for third-party custodians and investor audits. Zhao’s stance aligns with potential changes to Binance’s venture arm YZi Labs, which has investments in various DAT assets. **Despite no immediate market impacts, this situation highlights the increasing scrutiny of the DAT sector as investors consider how to best navigate regulatory uncertainties. The SEC’s investigation into QMMM and the resulting calls for stricter regulation could lead to significant changes in investment practices within the industry.