The Settlement of the SEC v. Wahi, et al. Case Results in Continued Confusion, Not Regulatory Clarity for the U.S.-based Digital Asset Markets

Today, the Securities and Exchange Commission (SEC) announced that former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi, agreed to settle charges that they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities that would be made available for trading on the…