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> In the course of its years-long investigation, the Justice Department has examined whether traders used Tether tokens to illegally drive up Bitcoin during an
by yellow_lead 5y ago
> In the course of its years-long investigation, the Justice Department has examined whether traders used Tether tokens to illegally drive up Bitcoin during an epic rally for cryptocurrencies in 2017.
But Bitcoin isn't a security. Is it illegal to manipulate it's price? Why haven't they looked at influencers pumping s*tcoins?
- ceejayoz 5y ago> Why haven't they looked at influencers pumping s*tcoins? They have, and are. https://www.sec.gov/news/press-release/2018-268 https://www.sec.gov/news/press-release/2018-268 "The Securities and Exchange Commission today announced settled charges against professional boxer Floyd Mayweather Jr. and music producer Khaled Khaled, known as DJ Khaled, for failing to disclose payments they received for promoting investments in Initial Coin Offerings (ICOs). These are the SEC's first cases to charge touting violations involving ICOs." As the saying goes: " The wheels of justice turn slowly, but grind exceedingly fine."
- yellow_lead 5y agoFair enough, I guess we'll have to wait to see more action here.