🌏#Hot Topic Analysis🔥🔥🔥 SEC Intensifies Investigation of SPVs, Crypto "Indirect Shareholding" Model Faces Regulatory Scrutiny September 1st news: According to the Wall Street Journal, the U.S. Securities and Exchange Commission (SEC) is strengthening its scrutiny of companies behind special purpose vehicles (SPVs), requiring registered investment advisors to provide evidence that the SPV does indeed hold shares in the private companies it claims to hold. With the potential IPO of SpaceX and the anticipated listing of Anthropic heating up, related fund marketing activities have increased, and investor complaints have also risen. Some SEC reviews have already involved document retrieval and on-site interviews.🌈🌈🌈 This move also has implications for the cryptocurrency sector. In recent years, the cryptocurrency space has seen a surge in products that indirectly invest in popular projects, private equity, and unlisted companies through SPVs, funds, or other structures. Essentially, these are all packaging high-barrier assets as more accessible investment opportunities. The regulators are not just concerned with "whether there are assets," but rather whether the fund's claims truly correspond to the underlying assets. If the SPV involves fictitious assets, opaque valuations, or exaggerated marketing, the risks investors ultimately bear may be far higher than expected.🚨🚨🚨 From a broader perspective, traditional finance is rapidly entering an era of "alternative assets + tokenization," and regulators will simultaneously scrutinize the authenticity of these assets. For the crypto industry, this means that in the future, whether it's RWA, tokenized funds, or project investment certificates, "having a record on the blockchain" does not equate to "having underlying assets." As institutional funds continue to flow into the crypto market, asset authenticity, custody relationships, and information disclosure may become the core keywords for regulation in the next phase.🔔🔔🔔 🔡 Subscribe:Major Crypto Events ⭐ https://t.co/Jj4P2BJUig