this post was submitted on 13 May 2024
20 points (100.0% liked)

Buttcoin

333 readers
46 users here now

Buttcoin is the future of online butts. Buttcoin is a peer-to-peer butt. Peer-to-peer means that no central authority issues new butts or tracks butts.

A community for hurling ordure at cryptocurrency/blockchain dweebs of all sorts. We are only here for debate as long as it amuses us. Meme stocks are also on topic.

founded 9 months ago
MODERATORS
[email protected]
20
the return of our messiah Roaring Kitty (www.bloomberg.com)
submitted 4 months ago by [email protected] to c/[email protected]
15 comments fedilink hide all child comments
 

archive https://archive.ph/g9Y6a

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 7 points 4 months ago (1 children)

I hope he had a real long talk with his lawyers to be 100% sure this also won't count as market manipulation.

[–] [email protected] 6 points 4 months ago

Matt Levine has an amazing newsletter about this today. Relevant excerpt:

In the hypothetical trade in Question 7, would the US Securities and Exchange Commission have a case against him for market manipulation? In your answer, make reference to (1) the fact that the tweet doesn’t mention GameStop at all, (2) the recent decision by a federal judge in Texas that actually pump and dumps are legal and (3) the 2023 decision by a federal judge in Washington, DC, that the moon emoji is securities fraud.

We live in a crazy world.

Disclaimer: I hold 4 GME shares because... well, I just wanted to have a bit of fun.