Amidst the fog of war between crypto innovations and regulators, there’s a rumor spreading that Coinbase sued the SEC’s chairman, Gary Gensler, for market manipulation.
Recently, Twitter has been abuzz with claims suggesting that Coinbase has provided evidence of Gary Gensler engaging in market manipulation.
According to these rumors, Gensler allegedly placed over $2.5 million in Bitcoin (BTC) shorts a mere 65 hours ago. However, it’s important to note that there has been no official announcement or filing from Coinbase regarding these allegations. As of now, the information remains unverified and should be treated with caution until further details emerge.
While Gary Gensler is already accused of market manipulation by Citadel Securities and Citadel Market Maker, it is essential to acknowledge the possibility of misunderstandings or the intentional spreading of rumors regarding these allegations.
Also Read: Binance & Coinbase Under Fire: Is the SEC Killing Crypto?
