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by ChainOfFools 1935 days ago
Musk pumped Dogecoin as a joke to prime media radar for Tesla's bitcoin purchase disclosure.

It was in effect a bitcoin pump with dogecoin as a media lure, which given Musk's ability to command attention was nearly as effective e (for TSLA) as pumping bitcoin directly, but without breaking any SEC rules.
2 comments
Arubis 1935 days ago
"Without breaking any SEC rules" seems like a perfectly good reason not to indict.
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gamblor956 1935 days ago
Right, but a "pump and dump" scheme requires two things which Tesla/Musk did not do: make knowingly false statements of fact about Dogecoin or Bitcoin, and a "dump" of the assets at inflated values (as it appears that Tesla/Musk still retain their previously announced Bitcoin holdings).
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