US SEC nears deal with exCoinbase employee accused of insider trading filing

NEW YORK, April 4 (Reuters) – The U.S. Securities and Exchange Commission is nearing a settlement with a former Coinbase Global Inc product manager in a landmark case of insider trading involving cryptocurrency, according to a court filing this week. The SEC has reached “an agreement in principle” with Ishan Wahi to resolve its claims against him, the agency said in a court document filed on Monday. Regulators have accused Wahi, his brother Nikhil Wahi and a close friend of reaping at least $1.1 million in illicit profits by using nonpublic information related to crypto listing announcements he obtained as…