According to the lawsuit, among other things, “Defendants flout[] the securities laws of California, Florida, and elsewhere.” Further, the complaint alleges that “Defendant Coinbase admitted in its own User Agreement that it is a ‘Securities Broker,’ that the Digital Asset Securities [] sold by and through Defendant Coinbase are ‘financial assets’ [], that Defendant Coinbase is a ‘securities intermediary’ [], and that the digital asset wallets custodially held by Defendant Coinbase are ‘securities account[s].’” However, the complaint further alleges that “Defendants have never registered Coinbase, its people, or the Digital Asset Securities Defendants sold (and sell).”
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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