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Why is the largest U.S based crypto exchange being sued?

Brittany Coles ·Updated 3 weeks ago·1 min read
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A class-action lawsuit has been filed against A Nasdaq-listed cryptocurrency exchange

Coinbase has been sued for allegedly selling 79 unregistered crypto securities including Dogecoin and Shiba.

A class-action lawsuit was filed last week against Coinbase and CEO Brian Armstrong, as cited in Bitcoin News,

Coinbase users allege that from late 20-19 to now, Coinbase let customers buy and sell 79 different cryptocurrencies without disclosing that they are in fact securities.

They say that these crypto securities are not registered with the U.S. Securities and Exchange Commission and Coinbase is not registered as a securities exchange or a broker-dealer.

The lawsuit covers all persons or entities who transacted any of the 79 crypto tokens on Coinbase.

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