Bitcoin price today: down to $117.9k as Fed, tariff caution offsets Strategy buy
Cryptocurrency exchange Coinbase (NASDAQ:COIN) filed an amicus brief in support of a motion to dismiss the case brought by the United States Securities and Exchange Commission (SEC) against former Coinbase product manager Ishan Wahi and other for insider trading. Coinbase condemns the defendants conduct, it said in the brief, but supports the defendants’ motion because of the SEC’s assumption that the exchange listed securities on its platform.
Coinbase stated in its amicus (“friend of the court”) brief that it had fully cooperated with the investigation of Wahi, his brother and their friend and it implied that it was under judgment in the case as well:
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