.DigitalChamber’s founder PerianneDC says the SECGov is using the TheJusticeDept’s case against a former Coinbase manager in a bid to label certain tokens as securities. This could have huge implications for the crypto industry. _franvela reports
The SEC’s Wahi case could be redundant, in part because “they’ve already been indicted by the DOJ,” Boring said. Still, in “no way, shape or form,” is the trade association “trying to downplay the seriousness of insider trading” she said.
“I want to be super-clear that anyone who breaks the laws, breaks just basic code of ethics, we should absolutely enforce against those individuals,” Boring said, adding that the DOJ’s case would have “absolutely nothing to do with the punishments” Wahi and his counterparts face. Nonetheless, “a ruling that embraces the SEC’s position and endorses its tactics could have negative implications for the digital asset ecosystem,” Boring said.
She added the only regulatory guidance provided by the SEC has been in “the form of nonbinding speeches and statements that have been conflicting from administration to administration.”Read more:
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