“The fact the SEC was willing to settle the matter without any admissions related to trading securities from the Wahi brothers is a tacit omission that this wasn’t a battle they wanted to fight,” said Winston & Strawn partner Daniel T. Stabile.
June 02, 2023 at 02:15 PM
4 minute read
The original version of this story was published on National Law Journal
Industry experts are giving mixed reviews to a new agreement between former Coinbase employees and the Securities Exchange Commission in a crypto-linked civil case.
The judgment, signed by Western District of Washington District Court Judge Tana Lin Thursday evening, restrains former Coinbase employees Ishan and Nikhil Wahi from ever participating in the securities market again as well as paying disgorgement for the “ill-gotten gains.”
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Coinbase app on the Appstore. Photo: Diego M. Radzinschi/ALM
