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RE: BravadoGroup and Several Other MAJOR Crypto Influencers Caught Planning Massive Pump And Dump Schemes
Pump and dumps are already illegal almost everywhere. It's not 'wait for regulation', you can be prosecuted for it today.
This style of market making (pump and dump) destroyed the penny stock exchanges of yesteryear. Market Markers are already working to create put and call options for cryptocurrency. I suspect we will soon see banks building portfolios of subprime crytocurrency loans lined with credit default swaps.