Crypto Company (CRCW)

[Marxbys]

Good to know CRCW wasn't suspended for fraud as some are suggesting. I think it's fair to say the reason for the suspension was due to a sudden and excessive fluctuation of their securities when the PPS shot up 17,000%. With the mission of the SEC being to protect investors, maintain fair, orderly and efficient markets, the sudden surge posed a threat to a fair and orderly market so after being alerted the SEC had no choice but to step in and issue an emergency temporary suspension.
The reason given is due to 'concerns' about information, paid promotion, and 'questions' about potential manipulation hardly constitutes fraud.
The reason for the sudden surge that warranted a suspension as most of us know was due to a combination of an extremely small float combined with the Bitcoin/Crypto hype.