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Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges
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In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbaseand his brother have pleaded not guilty to wire fraud charges.
The defense is based on the assumption that cryptoassets are not securities or commodities, and for this reason, the case could exert an impact on American jurisprudence related to crypto’s legal status.The 32-year-old Ishan Wahi was arrested last month in Seattle after prosecutors decided it was probable he shared confidential information with his brother Nikhil and their friend Sameer Ramani.
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