Skadden Discusses Ramifications of Cryptocurrency Insider Trading Case

The CLS Blue Sky Blog

Alexander C. Drylewski Stuart D. Levi Daniel Michael Mana Ghaemmaghami Anita Oh

Partners Alexander Drylewski, Stuart Levi and Daniel Michael, associate Mana Ghaemmaghami and law clerk Anita Oh look at the first insider trading case brought by the Department of Justice or Securities and Exchange Commission related to fungible tokens. By alleging that insider trading in cryptocurrencies constituted securities fraud, the SEC provided limited insights into its approach to regulating fungible tokens. But significant questions remain.