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@ Crypto Relay
2025-03-04 10:36:08
Investigation Demanded into Trump's Crypto Reserve Announcement
Peter Schiff, a well-known critic of Bitcoin, is calling for a Congressional investigation into U.S. President Donald Trump's recent posts on Truth Social.
The posts in question are related to a crypto reserve announcement, which Schiff claims were part of a "pump and dump scheme".
This scheme is a type of securities fraud where false information is spread to inflate the price of a stock or cryptocurrency, and then the perpetrators sell their holdings at the inflated price.
Key Points:
* Peter Schiff is demanding a Congressional investigation
* The investigation is related to Donald Trump's crypto reserve announcement
* Schiff claims the announcement was part of a "pump and dump scheme"
Details of the Scheme:
- The scheme involves spreading false information to inflate the price of a cryptocurrency
- The perpetrators then sell their holdings at the inflated price
- This type of scheme is a form of securities fraud
https://news.bitcoin.com/schiff-demands-investigation-into-trumps-crypto-reserve-announcement-citing-insider-trading-concerns/
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