Crypto has picked an unlikely ally in its battle against oversight by Wall Street’s chief regulator: a former Coinbase employee convicted of insider trading
The Securities and Exchange Commission has told Coinbase it is likely to recommend enforcement action against the company over listing assets that regulators believe are securities.WASHINGTON—Crypto has picked an unlikely ally in itsIshan Wahi, a former manager at Coinbase,
to giving his brother and a college friend trading tips that generated almost $1.5 million in illicit profits. An Indian immigrant, he could serve more than three years in prison and be deported after doing time.
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