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A former product manager at cryptocurrency exchange Coinbase (NASDAQ:COIN) has moved to dismiss charges of alleged insider trading, with his lawyers arguing the tokens he allegedly traded were not securities.
Lawyers representing ex-Coinbase employee, Ishan Wahi, and his brother, Nikhil Wahi, filed a motion on Feb. 6 in the United States District Court for the Western District of Washington to dismiss charges laid by the Securities and Exchange Commission.
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