We acknowledge that the Commission has broad discretion to set the timing and
Coinbase
SEC Chair Gensler Supports Denial of Coinbase Petition for Crypto Rulemaking
Today [December 15], the Commission denied a Petition for Rulemaking[1] filed on behalf of Coinbase Global, Inc. I was pleased to support the Commission’s decision for three reasons. First, existing laws and regulations apply to the crypto securities markets. …
Two SEC Commissioners Oppose Denial of Coinbase Petition for Crypto Rulemaking
The Commission has denied the Petition for Rulemaking filed on behalf of Coinbase Global, Inc. (“Petitioner”) on July 21, 2022.[1] We disagree with the Commission’s decision.
Skadden Discusses Digital Asset Insider Trading Case
On February 7, 2023, Ishan Wahi (Ishan), a former Coinbase product manager, pled guilty to wire fraud charges in an indictment in the U.S. District Court for the Southern District of New York (SDNY).
Ishan admitted that he had used …
Insider Traders Have Found Their Way to Cryptocurrency Markets
On July 21, 2022, the U.S. Securities and Exchange Commission (SEC) commenced the first ever lawsuit charging insider trading in cryptocurrency markets. A former employee of Coinbase – a major cryptocurrency exchange – together with his brother and a friend, …
Skadden Discusses Ramifications of Cryptocurrency Insider Trading Case
On July 21, 2022, the Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) each brought insider trading charges against a former Coinbase product manager, his brother and a close friend for using material non-public information (MNPI) to …