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Bitcoin is not a security nor a protected commodity market, so does the SEC even have jurisdiction? McAfee was arrested for pumping crypto, but he was lying ab
by aeternum 5y ago
Bitcoin is not a security nor a protected commodity market, so does the SEC even have jurisdiction?
McAfee was arrested for pumping crypto, but he was lying about his ownership and gave pretty specific forward looking claims. I don't believe he's been convicted yet.
- HWR_14 5y agoBitcoin is regulated in the US under both the Commodities Futures Commission and the Securities Exchange Commission. These tend to be fairly narrow rules about contracts for arbitrage, know your customer rules, etc. I have no idea if they have authority over pump-and-dumps