Nasdaq has proposed new listing rules that could increase costs for shell companies, potentially impeding smaller players' access to cryptocurrency treasury markets. This new framework raises the minimum public float to $15 million and accelerates the delisting process for companies failing to maintain compliance or having a market value below $5 million. Brandon Ferrick from Douro Labs indicates that established digital asset treasury firms may benefit, as these changes would likely lead to a trading premium for strong companies, allowing weaker firms to be eliminated from the market. The higher entry barrier created by the proposed regulations might make shell companies more expensive and complicate the path for new issuers. Nasdaq plans to submit these rules to the SEC for approval and intends to implement them swiftly upon approval, reflecting its position as a leading global exchange, particularly in tech and options trading.

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