Ishan Wahi was arrested in July 2022 and charged with insider trading for providing his brother with insider information about upcoming crypto listings at Coinbase.
The exchange denies any of the tokens former Coinbase manager Ishan Wahi traded with associates were securities because Coinbase doesn’t list securities – but it would like to if the SEC gave it proper rules and guidance.
The crypto lobbying group is arguing that the SEC is engaging in “absentee enforcement” because the creators of the nine tokens, that are at the center of the insider trading case, are not linked to the case.
The U.S. agency’s insider-trading case against a former Coinbase manager hinged on nine tokens it classified as securities, but the ex-employee’s lawyers are saying it’s not so.
The probe concluded the North Carolina Republican broke rules but it didn’t find sufficient evidence he’d used inside information to pump up his own investment.
A court refused to dismiss the insider trading case against former OpenSea exec Nate Chastain and a federal indictment can proceed. "The Hash" panel discusses the memos filed by Chastain regarding the violation of his rights and how this crypto insider trading case might proceed.