In a recent ruling, Judge Tana Lin of the U.S. District Court partially granted the SEC's request for a default judgment against Sameer Ramani in the insider trading case involving former Coinbase manager Ishan Wahi. Lin agreed to a permanent injunction and civil penalties against Ramani but declined the SEC's request for prejudgment interest on disgorged funds. Crucially, Lin found that secondary sales of specific cryptocurrencies, including Powerledger (POWR) and Amp (AMP), were securities. This decision underscores ongoing debates over cryptocurrency regulation and securities classification.
