How Insider Trading Is Hurting Everyday Crypto Investors
— People buying cryptocurrencies shortly, Trading based, Key pointsthe department, Sec, Digital asset insider trading charges, Scrutiny, Information, Insider trading rules, Past, Probe — 1 min read
The Department of Justice has brought its first ever digital asset insider trading charges. The SEC has reportedly launched a probe into how insider trading is handled at crypto exchanges. Insider trading erodes investor confidence and creates an uneven playing field in the crypto market. Most cryptocurrencies aren't classed as investments that need to follow SEC rules. The challenge is that there's so little regulation in the way of crypto investors relying on individual companies to regulate self-regarding self-compliance, so crypto investors are relying on the individual team to regulate themselves, not on the SEC, to be able to buy and sell a token on one token. For example, 46 different crypto wallets had bought one particular token shortly before it was listed on various crypto exchanges, netting over $1 Source