The Securities and Exchange Commission appears poised to settle a landmark insider trading case focused on a former Coinbase product manager Ishan Wahi and his brother, Nikhil Wahi.
Ishan Wahi had previously sought to dismiss the civil charges raised by the SEC, but pleaded guilty in February to related criminal wire fraud-related charges brought by the Justice Department.
Both the agency and the defendants want to postpone an upcoming April 6 deadline to the summer to give time for that settlement to be finalized. That requires approval by the politically-appointed chair of the SEC, Gary Gensler, the commission’s bipartisan panel of four other commissioners.
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