From Nasdaq:

A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law in a default judgment case. The defendant never showed up to oppose the SEC motion. The ruling may impact future cases against exchanges like Coinbase, Binance/Binance.US, and Kraken. Ramani traded on insider information. In other news, House Financial Services Chair Patrick McHenry criticized his party’s leadership, human trafficking victims were rescued in Myanmar, Malaysia seeks to resume search for MH370, and X’s former execs sue Elon Musk for not paying severances.



Read more at Nasdaq: How the SEC’s Recent Win May Play in Its Coinbase, Binance Cases