TechFlow reports, according to investment bank TD Cowen, that following the U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler's recent victory in an insider trading lawsuit against Coinbase, he is expected to continue pursuing cryptocurrency-related cases.
In addition, TD Cowen anticipates that Gensler’s litigation efforts will extend at least two more years, until his term ends in June 2026.
Notably, last Friday, federal Judge Tana Lin issued a default judgment against Ramani for trading based on non-public information about tokens planned for listing on Coinbase. Judge Lin ruled that the case falls under the SEC’s jurisdiction because the contested crypto assets qualify as securities.
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