Coinbase faces copycat class action suit asserting tokens are securities in echo of pending case

Coinbase , the largest cryptocurrency exchange in the United States by volume, is facing a fresh lawsuit from customers who say the company's entire business model was illegal from the start, in an echo of a case already faced by the company.

In a statement, the company called the claims "legally baseless," writing, "We have full faith in the judicial process and look forward to addressing them in full at the appropriate time." This latest lawsuit is also separate from the company's much-publicized legal fight against the SEC over a similar question: whether or not the tokens sold on Coinbase qualify as securities. Coinbase recently filed an interlocutory appeal in that case, contesting a judge's decision to allow the case to move forward.

Source: News Formal (newsformal.com)

Exchanges Breaking Coinbase

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Coinbase lists WIF perpetual futures contract as it unveils plans for Aevo, Ethena, and EtherfiDogwifhat (WIF) perpetual futures began trading on Coinbase International Exchange and Coinbase Advanced on Thursday.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Coinbase’s 1Q earnings preview: Profitability expected for second straight quarterFind out what to expect from Coinbase’s Q1 results, how it will affect Coinbase’s share price and how to trade Coinbase’s earnings.
Source: DailyFX - 🏆 305. / 63 Read more »

Worldcoin and ORDI perpetual contracts get Coinbase listingsWorldcoin (WLD) and Ordinals (ORDI) prices extend losses on Friday despite Coinbase’s announcement that the International exchange and Coinbase Advanced will support BRC20 meme coin Ordinals and Worldcoin perpetual contracts.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Coinbase to face revived lawsuit by customersCoinbase to face revived lawsuit by customers
Source: Investingcom - 🏆 450. / 53 Read more »

Base hits nearly $1.3 billion in total value locked, meme coins rallyBase chain, Coinbase’s Layer 2 chain hit two key milestones on Sunday, April 7.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Boeing, United Airlines fall premarket; Tesla, Coinbase riseBoeing, United Airlines fall premarket; Tesla, Coinbase rise
Source: Investingcom - 🏆 450. / 53 Read more »