- The SEC’s case against Coinbase for insider trading is being referred to as “backdoor rulemaking” by the CEO of a trade association.
- The government agency is piggybacking off of the DOJ’s case.
- The SEC is using the case to define some tokens as securities.
- This was stated by Perianne Boring, the founder of the Chamber of Digital Commerce, in an interview with “First Mover.”
SEC’s Coinbase Insider Trading Case Called ‘Backdoor Rulemaking’ by Trade Association CEO
