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https://www.wsj.com/articles/ex-coinbase-manager-settling-secs-crypto-insider-trading-claims-57809236

Ex-Coinbase Manager Settling SEC’s Crypto Insider-Trading Claims

Deal ends lawsuit closely watched for its focus on which digital assets are securities

By Dave Michaels
Crypto imploded in 2022, as investors lost faith in digital assets and the industry was plagued with crisis. But unlike other collapses, it has largely avoided rippling into other markets. WSJ explains how crypto became so interconnected. Illustration: Mallory Brangan

WASHINGTON—A former manager at Coinbase has reached a settlement with regulators over a novel cryptocurrency enforcement action without resolving a key question for the Securities and Exchange Commission and the crypto industry: which of the exchange’s digital assets are securities.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.