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Showing posts with the label price manipulation

U.S. politician takes suspicious crypto trading to the next level

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Though Congressional stock trading has been pervasive for decades to the point that the STOCKS Act was implemented to prevent politicians from investing based on information they receive thanks to their official roles, 2024 brought a new development to the trend: cryptocurrency trading. By press time on January 3, 2025, the most interesting and suspicious example came in the form of a series of meme coin purchases executed by Representative Mike Collins, Georgia’s 10th congressional district. Since December 1, 2024, Collins has bought up to $45,000 of a token called Ski Mask Dog (SKI), arguably helping the minor digital asset skyrocket in value. Picks for you Trading expert predicts Bitcoin and Ethereum prices for this ‘cycle top’ 43 mins ago ...