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> Wonder if folks at Coinbase did or could have engaged in insider trading They'd be fools not to. Cryptocurrency trading is not regulated by SEC type entities
by justboxing 8y ago
> Wonder if folks at Coinbase did or could have engaged in insider trading
They'd be fools not to. Cryptocurrency trading is not regulated by SEC type entities (yet). Until it is regulated, you can get away with insider trading and even other activities like wash trading, painting the tape, pump and dump etc.
- JumpCrisscross 8y ago> Until it is regulated, you can get away with insider trading You would have criminally mis-used Coinbase’s information which properly belongs to its shareholders. There is no statute against insider trading. It’s all a breach of fiduciary duties.
- prantomone 8y agoNot true, you can go to jail for that stuff today. The moment there is a derivative (like a futures contract),the CFTC has jurisdiction (and has already sent subpoenas).
- justboxing 8y ago> Not true, you can go to jail for that stuff today Source? Can you point to a single person prosecuted and sent to Jail for Cryptocurrency insider trading?
- aik 8y agoI don't believe anyone has been caught yet. Coinbase was in trouble after the BCH situation though, both risking an investigation as well as hurting user and investor confidence.