Experts on US stock market legislation are convinced that some tweets of the head of the investment fund Grayscale Investments Barry Silbert about the prospects for the Ethereum Classic course can be defined by financial regulators as attempts to manipulate the market. This is reported by Reuters.
It is risky. I think if I were advising Mr. Silbert, I would suggest that he is better off as a cryptocurrency expert at large rather than making specific comments on one particular cryptocurrency in which he has a heavy concentration of holding. If you have a fund that is issuing a security and the value of the security rises and falls with the price of a cryptocurrency and you are telling people to close their shorts in that cryptocurrency, that is a problem.
Partner, Barnes & Thornburg law firm.
In addition, a partner of the law firm Bell Nunnally and a former high-ranking lawyer of the Securities and Exchange Commission of the United States (SEC) is convinced that the US Futures Trading Commission can take the necessary measures to stop the manipulation of the crypto currency market that the department considers to be goods.
It is worth noting that recently, on the eve of the Ethereum Classic conference, in the Discord social network, Barry Silbert publicly advised an ordinary trader to close short positions on ETC, hinting at a potential price increase.