U.S. Judge Enters Default Ruling Against Ex-Coinbase Insider, Says Secondary Market Sales are Securities Transactions

In an insider trading lawsuit involving Coinbase's erstwhile merchandise manager Ishan Wahi, his member Nikhil Wahi and their person Sameer Ramani, a U.S. tribunal ruled connected March 1, 2023, that the trading of definite crypto assets connected a secondary market, which Coinbase is, are securities transactions.