US Regulators opened price manipulation probe against 4 crypto exchanges: Bitstamp, Coinbase, itBit and Kraken. It was the main reason for current BTC and alts price slump. What do you think of it? What are reasons for the CFTC probe and what are its implications for the cryptomarket longterm?
In my mind, opened price manipulation probe is an formal excuse to be used by CFTC to accelerate introduction of strict crypto regulations & to strengthen control over cryptoexchanges. Moreover I do not rule out that ongoing CME & BTC exchanges dispute is a well-thought-out deliberate "provocation" to justify the active CFTC intervention. Quite possibly, CFTC will be able to detect some "fraudulent" and "price manipulations" activities during the probe that provokes a closure of some involved crypto exchanges.