coinspress.com
In the midst of the ongoing conflict between cryptocurrency advancements and regulators, there is speculation circulating about a legal dispute involving Coinbase and Gary Gensler, the chairman of the SEC, related to market manipulation.
The social media platform Twitter has been filled with assertions that Coinbase possesses evidence indicating Gary Gensler’s involvement in market manipulation.
BREAKING NEWS: @GaryGensler has been charged with market manipulation. #Coinbase provides evidence of Gary Gensler placing over $2.5m in BTC shorts just 48 hours ago. pic.twitter.com/houyuTVLCZ
— Capo WSB (@Capo_WSB) June 8, 2023
According to these unverified claims, Gensler allegedly executed Bitcoin (BTC) short trades worth more than $2.5 million approximately 65 hours ago.
However, it is crucial to emphasize that Coinbase has not made any official statement or filed any documentation regarding these accusations. Therefore, it is advisable to approach this information with caution and await further clarification.
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While Gary Gensler has already faced accusations of market manipulation from Citadel Securities and Citadel Market Maker, it is important to recognize the potential for misunderstandings or deliberate dissemination of unfounded rumors regarding these allegations.