> Yes, it does. Crypto isn't a regulated market. As long as the scam stays inside crypto land, it is totally legal. As far as the SEC and CFTC are concerned, yo

> Yes, it does. Crypto isn't a regulated market. As long as the scam stays inside crypto land, it is totally legal. As far as the SEC and CFTC are concerned, you're playing a game with Monopoly money. That's your opinion. I would be more interested in the opinion of a judge. If you can demonstrate that monopoly money has some kind of market value, and someone else steals it from you, then that's a crime. There is no legal precedent set that fraud is okay as long as it involves cryptocurrency. > Elon Musk can and has openly run crypto "pump and dump" scams that would be blatantly illegal in any regulated market. The only response from the CFTC was a warning to consumers. The CFTC is a mess, so just because they aren't successfully helping prosecute a specific case doesn't mean everything that was done was legal. > The only way to maintain a firm 1 USD peg that everyone (even you) knows is a fraud is through collusion. They don't maintain a firm peg. Tether trades on exchanges at market value, just like any other cryptocurrency. Also, I find your "even you" comment to be a strange personal attack. Are you trying to say that I'm stupid?