The Securities and Exchange Commission has again declined to provide any clarity on which, if any, cryptocurrencies are securities as a former Coinbase employee and his brother have settled with the agency after accusations of insider trading.
Ishan Wahi, a former product manager, oversaw the coordination of public announcements on which coins would be added to the exchange, after which they often spiked. The agency alleged that he provided this insider information to his brother, Nikhil Wahi, and a friend, Sameer Ramani, so they could personally profit.
