The US Securities and Exchange Commission (SEC) is about to reach a settlement with the Coinbase employee accused of insider trading.
The SEC announced in a statement that Coinbase is close to a settlement with the employee on trial. The editor made the announcement today.
SEC Close to Agreement with Coinbase Employee
According to a court filing this week, U.S. Securities and Exchange Commission, an old coinbaseGlobal Inc about to settle insider trading lawsuit with product manager.
A court document submitted stated that the SEC had reached an “agreement in principle” with Ishan Wahi to settle its claims against him.
Regulators accused Wahi of making at least $1.1 million in illicit profits by using non-public information about crypto listing announcements he acquired from his brother Nikhil Wahi and a close friend as an employee of Coinbase.
The case has garnered a lot of attention as one of the latest actions by a regulator who has become increasingly aggressive in regulating the crypto industry. SECDuring this period, while the pressure of .
