For the first time, US residents can invest in memecoins through traditional brokerages. Trading will only get stranger from here.

For the first time, US residents can now invest in memecoins through traditional brokerages. Trading will only get stranger from here.

  • Endymion_Mallorn@kbin.melroy.org
    3·
    3 days ago

    Honestly, this is a huge step forward. I know it sounds dumb, but regulating the crypto market as securities will help provide stability to crypto and help classic securities become more adaptable. I’ve been waiting since day 1 for the SEC to step in here.

      • Endymion_Mallorn@kbin.melroy.org
        1·
        3 days ago

        I understand where you’re coming from, but that means they care about making sure that the number goes up, rather than fluctuating wildly. And they absolutely don’t want rugpulls (unless they’re the ones holding the rug). That’s the kind of stability I’m talking about. No tycoon actually wants a free market, they want the regulations to make sure that they have a chance to corner the market and protect them against their enemies.

        • Sanctus@lemmy.worldEnglish
          11·
          3 days ago

          They definitely only care that it fluctuates wildy while they bought on the low. As soon by them fleecing the actual stock market this entire year using his influence to raise and crash it.

        • Echo Dot@feddit.ukEnglish
          2·
          3 days ago

          I suspect that this will actually just result in them doing a lot of pump and dump schemes. They all seem to be in it for the short term so they’re not interested in long-term stability since stability generally means small profit gains. Market instability is where the con artist thrives.