VRB News
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact
No Result
View All Result
VRB News
No Result
View All Result
Home IT news

SEC files lawsuit against ex-employee

admin by admin
July 23, 2022
in IT news
0
SEC files lawsuit against ex-employee
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The SEC is taking action against former Coinbase employees. According to the US Securities and Exchange Commission, they are said to have earned around 1.1 million US dollars through insider trading.

Coinbase Insider Trading: SEC evaluates 9 cryptocurrencies as securities

During his time at Coinbase, Ishan Wahi is said to have told his brother and a friend which cryptocurrencies will be listed on the trading platform in the near future.

Nikhil Wahi and Sameer Ramani would have bought these cryptocurrencies and sold them again after the announcement with a high profit. In total, this involves 25 digital assets, nine of which the SEC considers to be securities.

ℹ️

The following cryptocurrencies are said to have been involved: AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, KROM.

However, Coinbase itself has nothing to fear due to the indictment. According to the SEC’s complaint, Coinbase treated such information confidentially and warned its employees not to act on the basis of this information or to advise others with this information.

Between June 2021 and April 2022, the accused are said to have made a profit of around 1.1 million US dollars.

Are cryptocurrencies securities?

“We are not concerned about labels, but about the economic realities of a bid,” said Gurbir S. Grewal, director of the SEC’s Division of Enforcement.

“In this case, these realities confirm that a number of the crypto assets in question were securities, and that the defendants, as alleged, were involved in typical insider trading prior to their listing on Coinbase. Rest assured, we will continue to provide a level playing field for investors, regardless of the denomination of the securities in question.“

The regulation of the cryptocurrency industry is a very big issue in the USA. The government is currently working on a comprehensive law that would classify cryptocurrencies with sufficient decentralization as commodities. The US Securities and Exchange Commission, on the other hand, wants to have all cryptocurrencies except Bitcoin recognized as securities.

The question of whether cryptocurrencies are securities is already being raised in the court proceedings between the SEC and Ripple.

In our exchange comparison you will find the best 15 providers to buy cryptocurrencies such as Bitcoin easily and safely.

Previous Post

Telecom companies Orange and MasMovil plan mega-merger in Spain

Next Post

Can the Bitcoin price soon break the $ 30,000 again?

admin

admin

Related Posts

EOS Coin price increased by 24 percent: what is Antelope?
IT news

EOS Coin price increased by 24 percent: what is Antelope?

August 18, 2022
IT news

NASA will use Oculus Rift to help astronauts

August 18, 2022
Apple warns of security vulnerability in devices
IT news

Apple warns of security vulnerability in devices

August 18, 2022
Bitcoin price may rise slightly despite EU record inflation for July
IT news

Bitcoin price may rise slightly despite EU record inflation for July

August 18, 2022
Delivery time for Model Y halved
IT news

Delivery time for Model Y halved

August 18, 2022
Next Post
Can the Bitcoin price soon break the $ 30,000 again?

Can the Bitcoin price soon break the $ 30,000 again?

Premium Content

HID Global has released 150 million devices for electronic identification

Small aircraft of Russia comes under the control of GLONASS

June 26, 2020
Hedge Fund Greenlight Takes to Twitter to Bet on Musk’s defeat

Hedge Fund Greenlight Takes to Twitter to Bet on Musk’s defeat

August 4, 2022
Is XRP a HOT BUY? This chart indicates a MASSIVE BREAKOUT!

Is XRP a HOT BUY? This chart indicates a MASSIVE BREAKOUT!

August 17, 2022

Browse by Category

  • Games
  • IT news
  • Tech
  • World
VRB News

VRB News is ready to cooperate with webmasters and content creators. Send an email to info@virtualrealitybrisbane.com

Categories

  • Games
  • IT news
  • Tech
  • World

Recent Posts

  • EOS Coin price increased by 24 percent: what is Antelope?
  • NASA will use Oculus Rift to help astronauts
  • Apple warns of security vulnerability in devices

© 2021 - The project has been developed ServReality

No Result
View All Result
  • Home
  • About us
  • IT news
  • Tech
  • World
  • Contact

© 2021 - The project has been developed ServReality

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?