Alt5 Sigma Faces SEC Investigation Related to Trump-Linked Cryptocurrency Venture

Alt5 Sigma, a company previously associated with a cryptocurrency project linked to former President Trump, is currently under scrutiny by the U.S. Securities and Exchange Commission (SEC) for potential violations related to reporting practices. The investigation focuses on discrepancies surrounding the departure date of its former auditor and the delayed disclosure of the CEO's suspension. These issues may constitute violations of regulations that mandate timely disclosures within four business days.

The SEC's investigation coincides with Alt5 Sigma's involvement in a fundraising effort to secure $1.5 billion for World Liberty Financial's token treasury, a move that has raised concerns about governance within the company.