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I wonder what the insider trading laws around this are. If I work for the Fed and am in charge of dumping a ton of BTC at a certain time, I can almost guarantee
by andirk 2y ago
I wonder what the insider trading laws around this are. If I work for the Fed and am in charge of dumping a ton of BTC at a certain time, I can almost guarantee a price drop, and then likely a recovery some time thereafter. Short, buy, short, buy.
- jfengel 2y agoIt's not the Fed. It's the US Marshals Service, part of the Department of Justice. (The Federal Reserve isn't actually part of the US government at all, though it's deeply intertwined.) They sell it by auction, which they announce in advance. There is no insider information, so no laws to run afoul of.