Ex-OpenSea Executive Wants Ban on Phrase 'Insider Trading' as Case Continues | CoinMarketCap

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If a trial proceeds, Nate Chastain's legal team argue that any reference to the term 'insider trading' would be 'inflammatory' and 'prejudicial' 🤔

A former product manager at OpenSea has asked a judge to ensure that prosecutors are banned from using the phrase "insider trading" as the case continues.

If a trial proceeds, Chastain's legal team argue that any reference to the term "insider trading" would be "inflammatory" and "prejudicial.""Insider trading enforcement is a hot-button topic in the United States, as high-profile trials and investigations are regularly presented as front page news. Of course, the government is aware of this and its provocative use of the phrase “insider trading” has unsurprisingly garnered significant media attention here.

Chastain provided that information — but it's claimed that, when the government had applied for the search warrant, the judge had been told that agents wouldn't ask for his phone's password. Another memorandum adds: Previously, the government has said that it stood by its decision to describe the charges against Nate Chastain as "insider trading," adding:

 

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