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Re:Former Coinbase PM charged in cryptocurrency insider trad... by tyre on Thursday July 21, 2022 @05:59PM (#32185731)
For some nuance, though, partly this has to do with lack of SEC enforcement on crypto as a security. My opinion then would have been that this should be insider trading, crypto should be classified as a security, and also that I wasn’t sure the SEC would classify this as insider trading.

Since the definition of insider trading is kind of, “whatever the SEC enforces”, it’s possible to believe that this is a security that was insider traded and also that it’s not “insider trading” in the only meaningful way (the SEC way.)

Re:Former Coinbase PM charged in cryptocurrency insider trad... by JumpCrisscross on Thursday July 21, 2022 @08:13PM (#32186923)
> the definition of insider trading is kind of, “whatever the SEC enforces”

Insider trading is a crime. The SEC cannot bring criminal complaints. Every insider trader who has gone to jail was prosecuted by the DoJ.

Re:Former Coinbase PM charged in cryptocurrency insider trad... by 3np on Thursday July 21, 2022 @09:02PM (#32187244)
According to SEC: https://www.investor.gov/introduction-investing/investing-ba...

FBI: https://www.fbi.gov/news/stories/insider-trading

Only talk about securities. It seems to me as if it would depend a lot on if the digital asset(s) in question count as securities or not.

Re:Former Coinbase PM charged in cryptocurrency insider trad... by 1jbdg on Thursday July 21, 2022 @11:56PM (#32188337)
Nope, insider trading is a type of fraud, they’ll be charged with wire fraud and the question on securities will never arise
Re:Former Coinbase PM charged in cryptocurrency insider trad... by thomasjudge on Friday July 22, 2022 @01:32AM (#32188859)
The already have been as the DOJ press release states. Also the SEC is filing a civil case, as they do
Re:Former Coinbase PM charged in cryptocurrency insider trad... by game-of-throws on Thursday July 21, 2022 @06:04PM (#32185779)
Yeah I was about to say something similar. Our existing insider trading laws don't quite fit this situation, which is why they're being charged with "wire fraud conspiracy" instead of something more specific.