Crypto news: What’s been happening in crypto in this week’s news roundup. And the biggest story was news that the U.S. is considering a temporary ban on short selling.
Short Shrift
As contagion continues to spread through the banking sector, JPMorgan suggested the authorities may step in to ban shorting selling. Short selling is a form of investment that looks to profit from a decline in the price of a security.
Short sellers have been blamed for stoking fears leading to the significant price swings in shares of several regional banks. Pacific Western in Los Angeles and First Horizon in Tennessee have significantly declined in share value over the two months.
The American Banker Association (ABA) wrote to the U.S. Securities and Exchange Commission (SEC) expressing worry that short sellers might be manipulating the market.
JPMorgan highlighted this concern in its note. According to the banking giant, it has never seen a…
