Coinbase Hits Back Against SEC’s Claim That It Offers Trading Of Some Crypto “Securities”

In the first case of its kind, the Department of Justice charged a former Coinbase product manager and two others with insider trading of cryptocurrencies. In a parallel case, the SEC stated that nine of the 25 tokens the DoJ claimed were traded in that scheme were actually securities and charged the three suspects with securities fraud. However, Coinbase denied that any of the cryptocurrencies it supports are securities. Former Coinbase Manager Charged With Insider TradingQ2 2022 hedge fund letters, conferences and more The DoJ accuses the three suspects of wire fraud and wire fraud conspirac…