SEC accused of ‘back door’ labeling of crypto as securities in Coinbase insider trading case

A U.S.-based blockchain advocacy group has urged a federal court to dismiss SEC charges against an ex-Coinbase employee accused of insider trading.

• 2023-02-23
• crypto assets insider trading digital asset amicus brief SEC Chamber of Digital Commerce federal court advocacy group

Trade group argues U.S. SEC case unfairly labels crypto as securities

Cryptocurrency trade association Chamber of Digital Commerce is urging a federal court to dismiss a case brought by the U.S. securities regulator against ex-Coinbase employees accused of insider trading, arguing that the case unfairly labeled several crypto assets as securities. The group said in an amicus brief filed Wednesday in a district court in Washington that if the court were to proceed with the case from the U.S. Securities and Exchange Commission (SEC), it could have wide-ranging cons

• 2023-02-23
• Chamber of Digital Commerce crypto assets digital asset federal court amicus brief SEC insider trading