Judge Tana Lin of the US District Court of Western Washington in Seattle has handed down a ruling in a case involving alleged insider trading at Coinbase. This judgment marks a crucial moment, as it supports the US Securities and Exchange Commission's (SEC) classification of secondary crypto sales as securities. At the heart of the case is Sameer Ramani, alongside former Coinbase product manager Ishan Wahi and others, accused of benefiting from confidential information about upcoming token listings on Coinbase. Judge Lin granted the SEC's request for a default judgment against Ramani, who is believed to have left the United States and failed to respond to court summonses.