Insider Trading in the Age of Cryptocurrencies: The Current Landscape and Road Ahead
Photo by Pierre Borthiry - Peiobty on Unsplash Introduction On October 10, 2025, a trader made $192 million by shorting Bitcoin and Ether a minute before President Trump made a tariff announcement that crashed the cryptocurrency market. This unusual trade fostered speculation that the trader was privy to non-public information from the White House. The conversation has largely revolved around whether this specific trade was insider trading. The consensus is that this specific trade...