Ex-Coinbase Manager pleads not guilty to insider trading charges
Ex-Coinbase Product Manager Ishan Wahi and his brother Nikhil will have to pay $2 million for bail after they pleaded not guilty to insider trading charges.
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The lawsuits are currently before Federal courts, where the judges have rejected the exchange's move to send the cases into arbitration.
COIN is up 50% since July 26 as analysts forecast better than expected results upon release of the second-quarter earnings report on August 9.
The India-based exchange, which operates as an independent subsidiary of Binance, allegedly violated the provisions of the Foreign Exchange Management Act, 1999.
SEC Chairman Gary Gensler urged crypto exchanges to operate according to securities law, as they can't be treated differently because of their technology.
Binance has launched the BAB Soulbound Token on BNB Chain to handle KYC of wallet holders.
The new trading system improves the exchange's scalability, allowing it to better tackle traffic upticks, the exchange said.