The crypto industry is still reeling from last week’s insider trading charges, filed by federal prosecutors in New York and the Securities and Exchange Commission against a former Coinbase employee and his associates. The obvious point first: these charges have got people talking about how prosecutors and regulators alike are wising up and cracking down on alleged financial crimes in crypto. The less obvious but still very important second point is that the SEC’s civil charges also support the Wall Street regulator’s land-grab for jurisdiction over cryptocurrencies. Read the Financial Times article here.