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It's called painting the tape. https://www.investopedia.com/terms/p/paintingthetape.asp https://www.investopedia.com/terms/p/paintingthetape.asp It's popular i
by BenoitEssiambre 5y ago
It's called painting the tape. https://www.investopedia.com/terms/p/paintingthetape.asp https://www.investopedia.com/terms/p/paintingthetape.asp
It's popular in the crypto world especially for NFTs where you just need to have a few wallets to trade assets amongst.
- foolmeonce 5y agoThanks, a key take away for me was: > Painting the tape is an illegal activity and prohibited by the SEC because it creates an artificial price. So it sounds clearly illegal and fully under SEC jurisdiction in the deli stock case, but what about the crypto market cases? Can the SEC go after other/foreign market cases for people under US jurisdiction or SEC regulated entities participating in painting the tape in blockchain markets or international markets?
- lmm 5y agoNot a complete answer but: the SEC has jurisdiction over securities, which the overwhelming majority of crypto tokens seem likely to be.