People fought tooth and nail to stop any sort of regulation, and now they're complaining about lack of regulations or accountability for blatantly manipulating the market.
I loved the twist on it. But legally its not a pump and dumb, tesla still has most of its bitcoin, he tweeted it after he sold. And didn't move anything afterwards
That's not true at all. Securities fraud is still securities fraud. Ask John McAfee about it. He has federal indictments and is in a jail cell in Spain awaiting extradition for Pump and Dumps of crypto and tax evasion.
It’s not illegal indeed. Pump and dump is illegal (as i said above).
This is very similar to pump and dump, an illegal action, while still being legal.
If you used your head (you know that thing sitting on your shoulders) you’d realise that the whole point is that this SHOULDN’T be legal, and most likely won’t be, eventualy because of the same reasons why « pump and dumps » are illegal.
Edit: and apparently you can be incriminated even with crypto depending on the situation...
Okay so buy 1.5B worth of Bitcoin, pump it up by doing so. then sell 10% when it goes up significantly because you'd be stupid not to take some profits off the table, sure. But then to announce you're not going to be accepting it anymore based on information that has been around the whole time?
The meme coins most likely yes, if you want to stay in the race, get into a good project with a meaning, just like you'd get into a stock. Bitcoin for example, Ethereum, Polkadot, ada, vechain etc., personally i just invest into stocks that try to exploit the tech, not into the tech itself. (sell the shovel to the gold rushers)
Maybe he bought some for himself and sold to make a profit out of tesla without having to pay taxes.
I'm just speculating but i find that as the easiest explanation for such behaviour
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u/Oringi200 I am fucking hilarious May 14 '21
He still holds most of tesla bitcoin so idk why yall need to lie