Coinbase app on the Appstore. Photo: Diego M. Radzinschi/ALM Coinbase Hit With New Securities Class Action Amid Battle With SEC
A proposed class action, filed by Rosen Law Firm, accuses the crypto exchange company Coinbase of selling unregistered digital asset securities on its platform and failing to register the company as a broker-dealer with the SEC and state regulators.
June 06, 2024 at 06:48 PM
3 minute read
The original version of this story was published on The Recorder
What You Need to Know
- A new proposed class action filed in the Northern District of California accuses crypto exchange platform Coinbase of illegally selling securities.
- The plaintiffs allege that Coinbase specifically violated California and Florida securities law by failing to register sellers of digital asset securities on its platform and failing to register with the SEC and state regulators.
- Coinbase faces an additional lawsuit by the SEC, which charged it in 2023 with unlawfully operating a national securities exchange.
Coinbase has been hit with a fresh nationwide securities class action amid its ongoing litigation with the U.S. Securities and Exchange Commission.
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