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I have this same question. Crypto has not been defined as an asset category yet (and the SEC has not declared it to be a “security” so far). FTA - “. . . wire
by MR4D 4y ago
I have this same question. Crypto has not been defined as an asset category yet (and the SEC has not declared it to be a “security” so far).
FTA - “. . . wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading in cryptocurrency assets. . .”
I’m presuming that it’s the fraud they are going after, and the “insider trading” aspect is verbal sugar.
I can’t imagine that insider trading would ever apply to real estate or art, so not sure why it’s even mentioned here.
IANAL, so perhaps someone wiser than me can add some clarity here?
- pirate787 4y agoFrom another angle, he defrauded Coinbase, through violating the terms of employment as part of the listing team.
- H8crilA 4y agoRight! That may be the answer.
- fallingknife 4y agoWouldn't that be a civil matter between him and Coinbase?
- JumpCrisscross 4y ago> Wouldn't that be a civil matter between him and Coinbase? It’s that, too. But fraud is a crime.
- deleted 4y ago[deleted]
- smsm42 4y agoFraud is both civil and criminal matter. https://en.wikipedia.org/wiki/Fraud#Criminal_fraud https://en.wikipedia.org/wiki/Fraud#Criminal_fraud
- zamalek 4y agoHopefully this forces the issue and we can get some clarity on cryptocurrency taxation.