Comment on Twelve-year-old boy makes £290k from whale NFTsparentComments−klipt5yYes it's called Painting the Tape and is illegal in the US and prohibited by the SEC: https://www.investopedia.com/terms/p/paintingthetape.asp−alex_c5yDoes this apply to cryptocurrencies?−em-bee5ymost cryptocurrencies are considered securities, so yes. but this is an NFT. not sure where things stand there, but if they are being traded like currencies, then my bet is on NFTs being securities too.−woleium5ynot yet
Comments
Yes it's called Painting the Tape and is illegal in the US and prohibited by the SEC: https://www.investopedia.com/terms/p/paintingthetape.asp
Does this apply to cryptocurrencies?
most cryptocurrencies are considered securities, so yes. but this is an NFT. not sure where things stand there, but if they are being traded like currencies, then my bet is on NFTs being securities too.
not yet