What SEC thinks of this GameStop madness? Is this normal market activity or pump and dump scheme? They only said they are monitoring ongoing market volatility.

What SEC thinks of this GameStop madness? Is this normal market activity or pump and dump scheme? They only said they are monitoring ongoing market volatility. [1] I didn't research this whole situation a lot but I know brick and mortar game selling is almost dead and everything moved online especially to Steam which basically has monopoly on digital online video games selling. I don't agree with Chamath when he said paraphrasing this is the move against financial establishment, this is the result of transparent and open stock market research. For me this is public and collective pump and dump scheme. The narrative of going against current financial establishment is the same one that motivated criminals and drug sellers to embrace Bitcoin because they thought it was meant to be anonymous and anarchist but in reality it was meant to be everything opposite; to establish decentralized trust, transparency, enable micro transactions and to eradicate fraud and financial mischief. [1] https://www.sec.gov/news/public-statement/joint-statement-ongoing-market-volatility-2021-01-27 https://www.sec.gov/news/public-statement/joint-statement-on...