Skadden Discusses Digital Asset Insider Trading Case

Skadden attorneys take a closer look at an insider trading case filed by the SEC against a former Coinbase product manager whose motion to dismiss raises new questions as to whether digital assets are securities. The authors conclude that a decision by the court could be notable, as it might provide a rare glimpse of judicial guidance as to the applicability of U.S. securities laws to digital tokens traded on secondary markets and not in the context of a fundraising event.