Wonder if folks at Coinbase did or could have engaged in insider trading? And if they did, does it even fall under SEC jurisdiction or crypto currencies are in the wild West of insider trading?
> We are making this announcement internally at Coinbase and to the public at the same time to remain transparent with our customers about support for future assets.
This would hopefully avoid another class action lawsuit like they did with Bitcoin Cash: https://www.coindesk.com/coinbase-hit-lawsuit-alleged-inside....
[1] https://www.coindesk.com/coinbase-hit-lawsuit-alleged-inside...
They'd be fools not to. Cryptocurrency trading is not regulated by SEC type entities (yet). Until it is regulated, you can get away with insider trading and even other activities like wash trading, painting the tape, pump and dump etc.
Source? Can you point to a single person prosecuted and sent to Jail for Cryptocurrency insider trading?
You would have criminally mis-used Coinbase’s information which properly belongs to its shareholders. There is no statute against insider trading. It’s all a breach of fiduciary duties.