💨 Abstract

A U.S. federal judge has ruled that Coinbase, the largest U.S. cryptocurrency exchange, must face a lawsuit accusing it of illegally selling securities without registration. The judge dismissed Coinbase's argument that it didn't qualify as a "statutory seller" because it didn't pass title to the tokens in question. The decision allows parts of the lawsuit to proceed, with customers seeking unspecified damages. The U.S

Courtesy: theprint.in

Summarized by Einstein Beta 🤖