The SEC is also investigating Ishan Wahi's former employer.
Former Coinbase employee Ishan Wahi agreed to settle civil charges brought by the SEC related to a landmark digital asset insider trading case.Stay updated on Pro Crypto Ecosystems news by locking ACS tokens with The Block.No wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Former Coinbase employee Ishan Wahi reached a settlement with the U.S.
As part of the settlement, filed in a federal court in Seattle on Tuesday, Wahi agreed to be interviewed in connection with other SEC investigations and actions. Coinbase disclosed in late March that the SEC gaveinto the company’s digital asset listings, staking-as-a-service, institutional trading and wallet services.
Wahi’s cooperation agreement with the SEC applies to his own case “and any related judicial or administrative proceeding or investigation commenced by the Commission or to which the Commission is a party,” meaning he could cooperate in the separate investigation. Coinbase has not been accused of any wrongdoing in Wahi’s insider trading case, but the SEC alleged in its initial complaint against Wahi last year that the tokens at the center of the insider trading allegations were unregistered securities, meaning the SEC could try to hold Coinbase liable for facilitating the sale of unregistered security investments for the tokens that the company ultimately listed..
“The federal securities laws do not exempt crypto asset securities from the prohibition against insider trading, nor does the SEC," said SEC Enforcement Director Gurbir Grewal in a
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