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Hey, uh, does there seem to be anything funny in this settlement to you?

Right, okay, the guys who were insider trading at Coinbase are settling SEC charges that “they engaged in insider trading through a scheme to trade ahead of multiple announcements regarding at least nine crypto asset securities” — wait, hang on. Securities?

Ahead of those announcements, which usually resulted in an increase in the assets’ prices, Nikhil Wahi and Ramani allegedly purchased at least 25 crypto assets, at least nine of which were securities, and then typically sold them shortly after the announcements for a profit.

Huh, this feels like a teaser for something!