MartyParty
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Remember—all this cryptocurrency manipulation was legal until the US passed the Clarity Act and the Market Structure Act to enact anti-manipulation laws. Wash trading in the stock market has been illegal since 1934, so registered securities firms, broker/dealers, and their interactions with authorized participants like market makers are subject to rigorous disclosure and monitoring. But in the cryptocurrency space, there are no laws. Manipulation is fair game. It's also fair game for exchanges to operate spot and futures products and transact with their users. While this is currently legal, it's a complete conflict of interest. This is a new asset class. We must have laws to protect retail investors and traders. I'm here to clarify the situation so you can make more informed decisions and avoid getting burned. Soon, @SECPaulSAtkins and @realDonaldTrump will be weighing in. We need these laws, and we need to be smarter.
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