New ruling in SEC’s Coinbase insider trading lawsuit comes as a blow to the crypto industry as judge finds secondary token sales were securities | Fortune

[Gunnar Larson]

https://fortune.com/crypto/2024/03/03/sec-coinbase-insider-trading-kraken-howey-binance-ripple-terra/


Insider trading
The SEC’s Coinbase insider trading lawsuit is a more complicated case
because none of the defendants are crypto firms, but instead, individuals
accused of using insider information for personal gain.

In two cases brought by the SEC and Department of Justice, prosecutors
argued that a Coinbase employee, Ishan Wahi, shared confidential
information with his brother and friend, who were able to net more than
$1.5 million in trades.
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