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Crypto and the US government are headed for a decisive showdown

Ars Technica LogoArs Technica1 mo ago

Crypto and the US government are headed for a decisive showdown

Quick Summary

Lawsuits may decide whether most digital assets are illegal securities offerings.

In July, the DOJ announced that it had indicted Wahi, along with two associates, in what it billed as the “first ever cryptocurrency insider trading tipping scheme.” If convicted, the defendants could face decades in federal prison.

According to the US Department of Justice, Wahi used that knowledge to buy those assets before the listings, then sell them for big profits.


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Crypto and the US government are headed for a decisive showdown - Ars Technica (Picture 1)

News Analysis

Author / Journalist: WIRED

Category: Technology

Topics: Regulation Cryptocurrencies Policy Federal goverment Ethereum Bitcoin SEC

Source Website Secure: Yes (HTTPS)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL: arstechnica.com

Readership Location: United States

Published Date: 2022-08-09, 13:52:46

News Timezone: GMT -5:00

Language: English

Original Article Length: 145 words

Reading Duration: 1 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 1511709

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About Publisher

Ars Technica Logo

Name: Ars Technica

Main Topics: Technology

Official Website: arstechnica.com

Update Frequency: 10 posts per day

Last Update: 15h ago

Headquarters: United States

Coverage Areas: United States

Publication Owner: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #59

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