> Let us first cover the elephant in the room: the Elon dump. Firstly, there were 19,259 BTC moved onto exchanges before Elon’s tweet and ensuing price dump. I do not think this is coincidence and was likely someone with insider information.
Regulations may not apply but it would be interesting if Musk told one of his rich friends before posting the tweet. That could look bad for him if something like that was discovered.
In general, many regulations do not apply. The Bitcoin party line is that they like it that way.