Coinbase Faces Lawsuit Over Unregistered Securities Sales
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Coinbase is facing new legal challenges as a federal judge denied its recent attempt to dismiss a class action lawsuit accusing the cryptocurrency exchange of selling unregistered securities.
The original lawsuit was filed in 2021 and claims that Coinbase unlawfully offered and sold digital assets that should have been registered as securities according to US law.
The plaintiffs argue that Coinbase acted as an unregistered broker and did not disclose the risks associated with these tokens.
Additionally, they claim that Coinbase is the actual seller of these unregistered securities due to its role as an intermediary in every transaction on its platform.
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