Well, if it found a pump and dump it would say "call the SEC."
Thing is, the stock market may be erratic on smaller timescales but it is a legitimate and fair place to trade, and people roughly speaking all have access to the same information when making those trades. Speculative mania is not a pump and dump. It's poor decision making, and generally speaking, that's not illegal.
On the other hand, if I start a stable coin, let's call it Anchor. Then I get a bunch of un-banked exchanges to use it in lieu of dollars because they can't get legitimate banking and don't want to bother with AML, KYC, the sanctions list or enabling international terrorism. I then start printing 750 million totally un-backed Anchors per day. I then use them to buy Bitcoin to drive the price up parabolically. I then sell all my Bitcoin for dollars to the most recent institutional clowns invested, and flee from the island I currently reside on to a different island. That's crime.
Thing is, the stock market may be erratic on smaller timescales but it is a legitimate and fair place to trade, and people roughly speaking all have access to the same information when making those trades. Speculative mania is not a pump and dump. It's poor decision making, and generally speaking, that's not illegal.
On the other hand, if I start a stable coin, let's call it Anchor. Then I get a bunch of un-banked exchanges to use it in lieu of dollars because they can't get legitimate banking and don't want to bother with AML, KYC, the sanctions list or enabling international terrorism. I then start printing 750 million totally un-backed Anchors per day. I then use them to buy Bitcoin to drive the price up parabolically. I then sell all my Bitcoin for dollars to the most recent institutional clowns invested, and flee from the island I currently reside on to a different island. That's crime.