Ex-Republican congressman Stephen Buyer then tried to cover up the illegal trades before insider trading once again the next year, the SEC says.
The Department of Justice is accusing three people of a scheme that netted around $1.5 million.
The first insider trading case involving NFTs has led to a moment of reckoning in the space, where investors believe such activity is common.
Prosecutors allege that former OpenSea head of product Nathan Chastain used insider knowledge to trade NFTs for a profit.
Unlike AOC, who said she doesn't own Bitcoin to do her job 'ethically,' noted Bitcoin supporter Ted Cruz bought in.
Canadian exchange Coinsquare was practicing so-called 'wash trading', according to leaked emails, Slack chats, and other files. Generally, wash trading violates securities law.
Members of Congress should be banned from owning individual stocks altogether, and the sharing of “political intelligence” with outsiders should have to be disclosed, Sen. Kirsten Gillibrand told VICE News.
Members of Congress are exceptionally hard to bust for insider trading, despite evidence they’re somehow mysteriously able to outperform even many expert hedge fund managers with brilliantly-timed stock trades.
It's a major reversal for the embattled congressman.
Trades were frozen hours after adding support.