Concerns in the retail community are growing over Ken Griffin’s Citadel’s involvement in the crypto space.
Citadel is partnering up with Charles Schwab, Fidelity, Sequoia, Paradigm, and Virtu to launch EDXM, a cryptocurrency exchange.
Users on Twitter are weary about the potential crime a powerhouse such as these Wall Street giants may cause, especially after the collapse of FTX.
#CITADELSCANDAL has been trending on social media platforms such as Twitter and Truth after numerous counts of conflicts of interest have been shared by the retail community.
If there’s one thing that the ‘meme stock’ frenzy has shown us, it’s that it wasn’t a phase.
The ‘meme stock’ frenzy represents the empowerment of retail investors against Wall Street injustices.
Retail investors are leaving a strong imprint in finance; one could argue that finance is now becoming somewhat of a culture.
This ‘culture’ is shared in both the stock and cryptocurrency markets where retail investors want a leveled playfield.
Social media is now making it easier to expose Wall Street fraud and manipulative tactics used to take advantage of investors.
Investors are saying no to EDXM crypto exchange.
Will the SEC bend rules to benefit these Wall Street giants?
Leave your thoughts below.
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