In a recent commentary to Reuters, another former employee of the SEC, Philip Moustakis, expressed a similar concern: "If this case sticks, there is precedent that insider trading theory can be applied to any asset class." In another important recent court case, crypto exchange Coinbase supported a motion to dismiss the case on insider trading against the brother of the platform's former product manager, who's been allegedly using insider knowledge to trade cryptocurrencies. Coinbase argues that the SEC had no jurisdiction to file a lawsuit, given the tokens in question do not pass the Howey test.