There’s been a fair amount of coverage for the recent DOGE pump, but no mention of the legality.
There’s been a fair amount of coverage for the recent DOGE pump, but no mention of the legality. As I understand, all pumps (and dumps) are illegal, is that not correct? Why has there been no authority mentioning this anywhere? Nothing in news, no warnings, no sign of the perpetrators facing consequence etc… https://cointelegraph.com/news/dogecoin-gains-20-amidst-tiktok-pumping-challenge https://cointelegraph.com/news/dogecoin-is-not-a-joke-says-okex-ceo-jay-hao
Had this been a centrally coordinated pump and dump, there might have been someone/something to go after but as it is, who would you try to sue a bunch of random kids on tiktok?
Because doge is a joke. As in: literally a joke. Furthermore a pump is not illegal in itself.
No, THIS is a pump and dump coin. Note, the charts. https://coinmarketcap.com/currencies/clams/
Pumps and dumps of securities maybe, but doge is not a security so nothing can be done.
Cute , why would a pump be illegal?a pump is an event events themselves cannot be illegal. You could point to people participating in the buying process that creates a pump but as long as it is not fraudulently manipulated for the purpose of pulling off a scam, buting to raise the price is not illegal either