US judge rules Coinbase must face class action lawsuit from shareholders over regulatory risk concerns

Last week, a U.S. judge partially dismissed Coinbase's request to reject a class action lawsuit filed by shareholders due to regulatory risk concerns. It is reported that Brian Martinotti, a judge in the New Jersey District Court, ruled last Thursday that although the plaintiffs made a persuasive case against Coinbase's behavior in regulatory actions (in fact, the SEC did sue Coinbase), they did not make a persuasive case for most of the allegations. "The court believes that the plaintiffs fully accuse the defendants of misleadingly describing the possibility that the SEC will not take enforcement actions by repeatedly emphasizing that the crypto assets they list are not securities," the court document reads. (Coindesk)