When Big Finance Publicly Warms Up to Crypto, Price Manipulation Will Be Rampant

*Cracks knuckles*

Alright. So. The history of finance is that the big boys do whatever the fuck they want, rack up massive profits, and either pay their way out of any wrongdoings (via "Lobbying" or fines), and find loopholes for whatever regulation comes next.

We know that crypto has a huge lack of regulation. It's what makes it appealing.

The 1929 stock market crash led to a number of financial regulations being put in place in the United States. These regulations were designed to prevent another crash from happening and to protect investors.

One of these was the Securities and Exchange Commission (SEC). The SEC was created to regulate the stock market and to ensure that investors have access to accurate information about companies. Another important regulation was the Glass-Steagall Act. This act separated commercial banks from investment banks. This was done to prevent banks from taking on too much risk and to protect depositors' money.

We've seen what the SEC is like now.

As more and more players from big finance realize how much they can manipulate their own cryptocurrencies (or just cherry-pick a few existing coins to manipulate), shit is going to get WILD. The SEC has no idea what to do with crypto, and big money will just get to run loose for a long, long time.