U.S. Court Rules Certain Crypto Trades as Securities Transactions

In a landmark insider trading case, a court decision against ex-Coinbase insiders underscores the regulatory scrutiny over crypto assets.

A U.S. court ruled that trading certain crypto assets on secondary markets, including Coinbase, are securities transactions.
The ruling is part of an insider trading case involving former Coinbase employee Ishan Wahi, his brother Nikhil Wahi, and friend Sameer Ramani.
Sameer Ramani faces a default judgment for allegedly fleeing the country, highlighting the legal challenges facing individuals in the crypto industry.
The SEC has settled charges with the Wahi brothers, but the case against Ramani underscores the regulatory scrutiny over crypto assets.
This case marks a significant development in the ongoing debate over whether cryptocurrencies are securities, with implications for the broader crypto industry.