The SEC announced insider trading charges against a former Coinbase manager while identifying 9 crypto tokens as securities. cryptocurrency
SEC Slaps Former Coinbase Manager With Insider Trading Charges — Identifies 9 Crypto Tokens as Securities
The U.S. Securities and Exchange Commission announced Thursday “insider trading charges against a former Coinbase product manager, his brother, and his friend.” “Nikhil Wahi and Ramani allegedly purchased at least 25 crypto assets, at least nine of which were securities, and then typically sold them shortly after the announcements for a profit. The long-running insider trading scheme generated illicit profits totaling more than $1.1 million,” the SEC noted.are AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM.
Ishan Wahi and Nikhil Wahi were arrested Thursday morning in Seattle, Washington. However, Sameer Ramani remains at large.Just last month, I announced the first-ever insider trading case involving NFTs, and today I announce the first-ever insider trading case involving cryptocurrency markets.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coinbase Criticizes SEC for Ineffective Cryptocurrency Regulations.Coinbase has filed a petition with the SECGov criticizing the existing regulatory framework around cryptocurrency. camlearnscrypto reports
Read more »
Coinbase Blasts SEC Over Insider Trading Case, Says None of the Tokens It Lists Are SecuritiesThe SEC said that nine of the 25 tokens allegedly traded in the scheme were securities.
Read more »
CFTC commissioners speak up after SEC files crypto insider trading caseMembers of the CFTC underscored the importance of regulatory collaboration after the SEC lodged a digital assets insider trading case today.
Read more »
SEC Resists Surrendering Hinman Emails to RippleThe SEC has relaunched its bid to block access to Hinman emails in the Ripple case
Read more »
US Lawmaker Slams SEC for Not Regulating in Good Faith — 'Under Chair Gensler, SEC Has Become Power-Hungry' – Regulation Bitcoin News'It seems clear to everyone, except maybe those at the Commission, that the SEC is not regulating in good faith,' said the lawmaker. crypto cryptocurrency bitcoin
Read more »
SEC Says These Cryptocurrencies Are Securities: See the Full ListThe SEC has asserted that some cryptocurrencies are securities as part of an insider trading case
Read more »