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RE: Pump & Dump Scammers About To Get In Big Trouble! CFTC Is Coming!

in #cryptocurrency7 years ago

Actually this talks about a concept that boggles my mind. The rampant spamming and shilling in the crypto sphere is mind-boggling.

Most of the stuff happening is illegal. YouTubers not disclosing their sponsorships, endorsing straight out scams and getting away with it with some angry looks gives our crypto community a bad rap.

Pump and Dump schemes fall into the same category. It's "okay because it is crypto". Until you realize that hard working people are losing their savings because some greedy and shady people are exploiting an unregulated system for their own gain. We need to stand up. We need to fight back. And we should actively ask for regulations, otherwise we will indirectly ask for the death blow for crypto.

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