SEC Swoops in To Classify 9 Tokens as Securities in Complaint Against Former Coinbase Employee for Insider Trading

SEC Swoops in To Classify 9 Tokens as Securities in Complaint Against Former Coinbase Employee for Insider Trading


Ethereum World News
2022-07-21 17:53:03

Summary: The SEC has gone after a former Coinbase employee accused of insider trading, filing a complaint against him, his brother, and his friend with the US District Court Western District of Washington, Seattle. The complaint describes digital tokens as being crypto asset securities. Nine tokens mentioned in the complaint include AMP, RLY, DDX, XYO, RGT, LCX, POWR, DFX, and KROM. The US Securities and Exchange Commission has classified nine digital tokens as crypto asset securities in a new complaint […]