Coinbase Is Another Legal Brawl, As Three Users File Lawsuit
The largest crypto exchange in the US Coinbase seems to be regularly involved in a legal battle. This time, the crypto exchange is accused of selling securities as cryptocurrencies. Three Coinbase users – Christopher Underwood, Christopher Underwood, and Henry Rodriguez – filed a class-action lawsuit against the firm for more than 79 crypto assets listed on the platform. The claimants are accusing Coinbase of selling assets they consider as securities, which is unlawful according to the suit. The lists of cryptocurrencies involved include Dogecoin (DOGE), Polkadot (DOT), Ripple (XRP), Solana (SOL), Chainlink (LINK), and others. The Plaintiffs Demand Compensation Of $5 Million According to the lawsuit filed with the district court in New York, those that have bought any of the assets should receive a collective compensation of $5 million for their losses. Buy Bitcoin Now The plaintiffs argued that Coinbase should have registered as a national securities exchange with the Securi...