Insider Trading Case

It is reported that an American trade association representing cryptocurrency companies called for the rejection of the insider trading case filed by the United States Securities and Exchange Commission (SEC) on the grounds that the regulator unfairly marked cryptocurrency assets as securities. This case involves a former product manager of Coinbase, a cryptocurrency exchange, and two employees accused of insider trading.   Interpretation of this information: The recent insider trading case filed by the SEC against a former product manager of Coinbase, and two employees has garnered attention as an…

It is reported that in a non-party opinion statement submitted to the court, the Chamber of Digital Commerce, headquartered in the United States, believed that the insider trading case of the United States Securities and Exchange Commission (SEC) against the former employees of Coinbase should be rejected, because it represents the expansion of the enforcement and supervision movement of the United States Securities and Exchange Commission, and tried to characterize the secondary market transactions of cryptocurrency as securities transactions. The Digital Chamber of Commerce stressed that the US SEC had…