Don’t Insider Trade NFTs – Bloomberg

Seems bad. But it is weird to put a person in prison for years because he … bought some internet cartoons … before … they were … put on a website? Like on the one hand it certainly seems like insider trading, sure, but on the other hand, does the US government have that much interest in protecting the level playing field of trading markets in internet cartoons? Were you really defrauded, when you sold this guy a copy of “Flipping and spinning” at the going price before he featured it on the homepage? When people worry about insider trading in stocks, it is because they think insider trading undermines confidence in the stock market. I feel like everything that has ever been thought, said or done about NFTs undermines confidence in the NFT market, so it’s kind of random to go after this.

Source: Don’t Insider Trade NFTs – Bloomberg