Coinbase Lawsuit: Must Face Customer Claims in New York
https://www.nbnw.org/news/coinbase-lawsuit-must-face-customer-claims-in-new-york
Coinbase, the largest U.S. cryptocurrency exchange, faces a lawsuit for allegedly selling securities illegally. U.S. District Judge ruled that Coinbase qualifies as a seller under federal securities law. The lawsuit claims that Coinbase acted as a direct seller of 79 tokens on its platform. Coinbase plans to fight the claims and has been in legal battles with the SEC. The company is regulated by various federal and state authorities, holding licenses and complying with regulations.
