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they would have profited anyway. be it stocks or forex. using btc only makes it public i guess?
by 1oooqooq 1y ago
they would have profited anyway. be it stocks or forex. using btc only makes it public i guess?
- jazzyjackson 1y agocorruption is one thing, I would call it merely unfair (unfortunately not illegal) to trade with inside information or by pulling strings. Crashing the dollar for personal gain, tho, it's practically treason.
- immibis 1y agoNot practically - crashing the dollar on purpose is actually treason.
- lesuorac 1y agoStocks are public. There's a been a lot of people doing moves ahead of other tariffs announcements.
- pyuser583 1y agoBitcoin is arguably more public than stocks - all transfers are publicized. Transactions on major stock markets are publicized, but private transactions are not.
- 1oooqooq 1y agothey most definitely are not.
- lesuorac 1y agoHow do you think the SEC finds it's insider trading cases? They see a giant position placed ahead of a movement in the market and then ask the exchange who placed those trades. The only difference between an exchange and crypto is that cypto you can also see.
- finghin 1y agoPerhaps it makes the burden of proof for the accusation higher, though?
- colonCapitalDee 1y agoBTC means they can pull wealth out of the system at astonishing rates. Trump & Co are hardly the first to be corrupt, but the scale, the blatentness, and the damage being done to the country as a byproduct is unprecedented in modern history
- mielioort 1y ago[dead]