'Spoof" Trading and Its Impact On Cryptocurrency Markets

[GreenBits]

So, the 'wall' phenomenon we see in crypto exchanges (orders being placed to coerce others to react, without the intention of fulfillment) is actually illegal in the real world.

http://www.wsj.com/articles/first-u-s-trader-convicted-of-spoofing-gets-three-years-1468442317

Now that the SEC is taking an active look at spoofing, do you think they will prosecute this in crypto markets, or at least make exchanges on the hook for reporting behavior like this?

Your thoughts

[Das]

I do not think they will take any action at this time because cryptocurrencies are not yet widely accepted. Once they become accepted, I expect to see some tough action.