The U.S. Securities and Exchange Commission (SEC) has recently taken decisive action to suspend trading of QMMM Holdings Ltd. stock until 11:59 PM on October 10. This decision has sparked widespread discussion in the market about the "encryption treasury" trend.

QMMM is a digital media company headquartered in Hong Kong and listed on NASDAQ through a Cayman Islands structure. The company had announced plans to establish a "diversified encryption currency treasury" worth $100 million, which caused its stock price to soar nearly 10 times in just three weeks, becoming a hot topic on social media.

However, the sudden intervention of the SEC brought this frenzy to a halt. The regulatory agency stated in a declaration that it suspects "unknown individuals" have been inciting buying on social platforms, which may involve price manipulation. This incident highlights the ongoing concern of regulatory agencies regarding the intersection of encryption assets and public markets.

The stock price performance of QMMM can be described as dramatic. Since the announcement of the encryption plan on September 9, its stock price has soared from under $12 to a high of $119.40 on September 27, with a cumulative increase of nearly 1000%. This trend fully reflects investors' enthusiasm for the "blockchain + artificial intelligence" concept.

The SEC's intervention this time is not only targeting QMMM but has also suspended the trading of another company, SDM. This indicates that the regulatory agency is closely monitoring emerging trends that may affect market stability.

This event has sounded an alarm for companies eager for "encryption treasury." It reminds market participants to be vigilant about potential regulatory risks and market manipulation while pursuing emerging technologies and investment opportunities.

As the boundaries between encryption assets and traditional financial markets become increasingly blurred, regulators are faced with the challenge of balancing innovation and market stability. This action by the SEC may signify a shift in regulatory attitudes, indicating that more regulatory measures targeting similar behaviors may be introduced in the future.

For investors, this event emphasizes the importance of exercising caution when participating in rapidly evolving encryption-related investments. Although emerging concepts such as "Blockchain + Artificial Intelligence" are highly attractive, investment decisions should still be based on a prudent assessment of the company's fundamentals and market risks.

As the situation develops, the market will closely monitor the SEC's subsequent actions and the responses from companies like QMMM. This event will undoubtedly become an important case for discussing the intersection of encryption assets, corporate governance, and market regulation.