MountFujiView
Fri Jul 05 2024
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5 answers
1009
Are pump-and-dump crypto schemes legal?
As a finance professional, I must ask: Are pump-and-dump crypto schemes truly legal? These schemes, often involving the manipulation of cryptocurrency prices through artificial inflation and subsequent dumping of holdings, seem to border on illegal market manipulation. Can you elaborate on the legality of such practices? Are there any regulations that specifically address this issue? I'm particularly concerned about the potential for investors to be misled or suffer financial losses due to these schemes. Clarifying the legality of such practices is crucial for maintaining a fair and transparent cryptocurrency market.
