okay so from what i can tell, this is probably more about limiting secondary activity to control secondary price, than punishing existing SP…

okay so from what i can tell, this is probably more about limiting secondary activity to control secondary price, than punishing existing SPVs secondaries can be a great price discovery mechanism for IPOs unless there's an in-balance in demand and supply what this can help avoid is having inflated secondary prices that the public won't support not sure what happens here, if you bought anthropic secondaries... openai has a similar announcement: https://openai.com/policies/unauthorized-openai-equity-transactions/

Source: Yohei Nakajima (X) | 2026-05-11