Bruce reveals a surprising background, or is he a Republican donor?
Bruce J claims he started as a miner and has more than one mine in North America, some of which seem to be in Ohio, the home state of Vice President J.D. Vance, who previously held some BTC spot in his financial disclosure. In Bruce's self-introduction, he also seems to hint that he has previously OTC traded BTC to Michael Saylor. In addition to funding Trump's election campaign, he was also invited to attend the Republican convention in Los Angeles.Just a meme coin pump, or the crypto version of GameStop?
According to the STONKS whitepaper, on January 23, the Nasdaq-affiliated account @nasdaqmeme posted the token address of $STONKS, and Nasdaq later retweeted the post. The token's market value once soared to $80 million, but after the issuer cashed out, Nasdaq also deleted the post, and the token's market value quickly plummeted to $700,000. Subsequently, Bruce J began calling for a Community Take Over (CTO) of the token, describing it as the crypto version of GameStop, with retail investors battling Wall Street. As for the ceiling of the CTO token, he cited the SHIB Dogecoin token, which once reached a market value of $50 billion, as a comparison to the current $STONKS market value of about $27.7 million. The whitepaper also points out that $STONKS plans to launch a decentralized exchange (DEX) in the future, and the community has already held 10 AMAs.A US lawyer provides preliminary legal advice
As for whether suing Nasdaq can be successful, Bruce J said he has sought preliminary legal advice from lawyers in New York and Delaware: 1. Under the Securities Exchange Act of 1934 and the Anti-Fraud Provisions, disseminating misleading or false information (especially related to investments) is potentially illegal, including: - Market manipulation: Retweeting information that causes abnormal price fluctuations. - Misleading investors: Guiding the public to participate in a fraudulent project. 2. Nasdaq's potential liability types: - Civil liability: Victims may file a class action lawsuit seeking compensation for economic losses caused by fraudulent information. - Administrative penalties: Regulatory agencies (such as the SEC) may investigate and impose fines. - Criminal liability: If there is evidence that Nasdaq intentionally assisted in the fraud, it may face criminal charges. 3. Possibilities to mitigate liability: If Nasdaq can prove its retweet was unintentional and quickly take action to delete the information or clarify the facts, it may reduce liability. The adequacy of its information management process is also an important consideration. 4. Class action lawsuit framework and procedures: If Nasdaq's official account disseminated fraudulent information, it may incur civil, administrative, or criminal liability, depending on whether its actions were intentional, negligent, and the impact on the public. If Nasdaq claims the account was hacked, it needs to provide evidence of the account being compromised during the incident period or obtain relevant information from third-party platforms.- Negligence: Nasdaq failed to adequately review the information it disseminated, leading to public deception.
- Misrepresentation: Due to its official status, the public trusted the information and ultimately suffered financial losses.
- Securities Fraud: If the information is related to securities or investments, it may violate the Securities Act of 1933 or the Securities Exchange Act of 1934 in the United States.
Potential Compensation Outcomes
1. Compensatory Damages: Compensation for the direct financial losses of the victims.
2. Punitive Damages: If the conduct is found to be malicious or grossly negligent, the court may award additional punitive damages.
3. Regulatory Fines: The U.S. Securities and Exchange Commission (SEC) may impose administrative fines on Nasdaq.
4. Class Action Lawsuit: If successful, the compensation amount could be substantial.
Risk Disclaimer
Crypto investments carry high risks, and their prices may fluctuate dramatically, potentially resulting in the loss of your entire principal. Please carefully evaluate the risks.
