Former Coinbase Employee, U.S. SEC Settle Insider Trading Charges

“We allege that Ishan and Nikhil Wahi, respectively, tipped and traded securities primarily based on materials nonpublic data, and that’s insider buying and selling, pure and easy,” he stated. “The federal securities legal guidelines don’t exempt crypto asset securities from the prohibition towards insider buying and selling, nor does the SEC. I’m grateful to the SEC employees for efficiently working to resolve this matter.”