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TheStreet.com
Crypto: Billionaire Mark Cuban Warns of a Powerful Player
The regulator has announced that nine cryptocurrencies listed on the Coinbase exchange, the most popular platform in the United States, are unregistered securities. A security is, according to the SEC, “an investment of money, in a common enterprise, with a reasonable expectation of profit derived from the efforts of others.” The announcement came as the SEC and the Department of Justice filed charges against former Coinbase product manager Ishan Wahi and two others, accusing them of running an insider-trading scheme that earned them more than $1.1 million.
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