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Former Coinbase product manager charged in insider trading caseOsborne's appointment comes as the Securities and Exchange Commission (SEC) is suing Coinbase, accusing it of operating as a middleman on crypto. The SEC sued Coinbase in June, alleging that the exchange skirted its rules for years by allowing users to trade numerous crypto tokens that. (�Coinbase�), pled guilty to two counts of conspiracy to commit wire fraud in connection with a scheme to commit insider trading in.