Cryptocurrencies

Probe into Bitcoin Price Manipulation Probably ‘A Good Thing’, Novogratz Says

Gemini’s Winklevoss wants DOJ to help eliminate ‘bad actors’
Saluzzi calls for uniform regulatory oversight of crypto

The U.S. Justice Department is said to have opened a criminal probe into price manipulation of Bitcoin.(Source: Bloomberg)

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By Camila Russo

May 24, 2018 at 4:02 PM UTC

This article is for subscribers only.

Major cryptocurrency proponents seemed unfazed by news the Department of Justice has started a criminal probe into potential trading manipulation.

Billionaire investor Mike Novogratz said he’s not surprised by the allegations and welcomes the investigation, a sentiment echoed by Cameron Winklevoss, president of crypto exchange Gemini. Wall Street’s biggest Bitcoin bull praised the move as the start of needed regulatory oversight.