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

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.