Yesterday, the market surged after Trump announced a 90-day pause on many of his tariffs—an unexpected move that made a lot of people a lot richer, very quickly.
it's worth pointing out that there are no rules about insider trading of crypto (especially bitcoin and ethereum which are now "commodities", and memecoins which are now "collectibles").
trading crypto is coincidentally an activity that most of trump's cabinet and a lot of members of congress on both sides are quite fond of these days.
By Trump posting the information on Truth Social, and not announcing it for a few hours, he may not have violated insider trading. However, if he told his family and close friends that if he makes an announcement, they should act on it, that would be insider trading.
Simply disclosing a possible past crime isn't a legal defense. I don’t know what did or didn’t happen, but publicly posting about something after the fact does not protect anyone from insider trading violations that may have already occurred.
His BUY recommendation came a few hours before his announcement of a pause on Tariffs. Since he published it on Truth Social and the free press reposted the comment, Trump technically didn’t violate insider trading laws. The only way he was in violation of insider trading is if he told people in advance to act on his statement. Since conviction involves proof, nobody would squeal on Donald and live to tell about it.
it's worth pointing out that there are no rules about insider trading of crypto (especially bitcoin and ethereum which are now "commodities", and memecoins which are now "collectibles").
trading crypto is coincidentally an activity that most of trump's cabinet and a lot of members of congress on both sides are quite fond of these days.
https://cryptadamus.substack.com/p/how-to-insider-trade-and-influence
By Trump posting the information on Truth Social, and not announcing it for a few hours, he may not have violated insider trading. However, if he told his family and close friends that if he makes an announcement, they should act on it, that would be insider trading.
Simply disclosing a possible past crime isn't a legal defense. I don’t know what did or didn’t happen, but publicly posting about something after the fact does not protect anyone from insider trading violations that may have already occurred.
His BUY recommendation came a few hours before his announcement of a pause on Tariffs. Since he published it on Truth Social and the free press reposted the comment, Trump technically didn’t violate insider trading laws. The only way he was in violation of insider trading is if he told people in advance to act on his statement. Since conviction involves proof, nobody would squeal on Donald and live to tell about it.
My big picture thoughts. https://open.substack.com/pub/mitchthelawyer/p/the-risks-and-dangers-of-cryptocurrency?r=2fe7t3&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false