Insider Trading Actions against Crypto Platform Argues Some Tokens Are Securities

This article discusses the Securities and Exchange Commission's (SEC) complaint, filed July 21, 2022, alleging insider trading by Ishan Wahi, a manager at Coinbase Global, Inc, as well as by Wahi's brother and his friend. Coinbase is one of the largest platforms for trading digital assets such as cryptocurrency tokens. In the complaint, the SEC argues that some of the cryptocurrency tokens offered on Coinbase are securities. This article includes links to resource kits, practice notes, templates, and other related content in Practical Guidance.