RE: Former NFT site employee charged with insider trading
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The case is the first ever crypto insider trading case brought to trial and an interesting one that many are watching as the charges can bring a 40 year jail term. However, Cryptocurrency is promoted as "out of the reach of regulators" and therefore a decentralised economy with no rules.
This is the same thing I asked an author who wrote about this last night..... How does a decentralized system get the law involved in their persecutions?
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It will be an interesting case because Do Kwon walked away hands free from the Terra (Luna) Collapse. So I am watching closely.
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I hope the defendant will remember this and use it to nail their hearings.... That's if there will be a case... Which of course, there shouldn't be any hearing because this is a system that's supposed to be lawless
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