Coinbase Faces Class Action Lawsuit Over Alleged Digital Asset Securities Sales: Impact on Crypto Market (COIN)

• A class-action complaint has been filed against Coinbase, alleging violation of US securities laws.
• The complaint accuses Coinbase of operating in a “shadowy crypto ecosystem” and offering unregistered “digital asset securities”.
• The U.S. Securities and Exchange Commission (SEC) has also accused Coinbase of violating securities laws, launching a lawsuit against the exchange in June 2023.

Coinbase, a leading US crypto exchange, faces allegations of violating securities laws, according to a recently filed class-action complaint. The case adds to the legal challenges the company is already facing from the SEC.