Market Makers are being squeezed đ
The SEC has filed a lawsuit against Cumberland, one of the largest market makers in crypto.
The regulator accuses the company of operating as an unregistered securities dealer.
Several Market Makers were arrested the other day. Some of them face up to 40 years in prison. But I don't think they're interested in small MMs. I think they have proof of fraud on the part of large MMs, but there's no one to prove it in court. Those who were arrested the other day will be the ones who prove it. Because those who were arrested the other day will be told "you'll cooperate and we'll give you a fine of 20 million and 5 years probation" or you'll be punished to the fullest extent of the law. And when they bring Andryunin into the office, for example, they'll tell him: Everyone has already confessed, there's no point in hiding it, will you cooperate? The outcome is clear, he will cooperate and in court he will say "yes, it happened, I confirm"
These are just thoughts, and it is not for us to judge. If they start taking big guys, the market will suffer. Enough already, I want an alt season and fun!
