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You're absolutely right this is the least of the crypto dumpster fires / fraud situations. But the official disclosures of public equity firms is one of the la
by jonathaneunice 4y ago
You're absolutely right this is the least of the crypto dumpster fires / fraud situations.
But the official disclosures of public equity firms is one of the lampposts the SEC's clearly mandated to look under. In fact, crypto is essentially immaterial here. If NVIDIA knew that a huge part of their GPUs were being used for the new, highly-volatile fad of Quantum Fubaring instead of the gaming market NVIDIA'd previously disclosed was the market target, the SEC would still have the right and responsibility to ding them for deceptive or insufficient disclosures.