The judge refuses to reject the collective lawsuit Coinbase, he says EXCHANGE must face a complaint in New York: Report
The federal judge is said to have ruled that Queen Paso must face encryption in the United States collective lawsuit in New York.
According to a new a report From Reuters, Paul England, the southern boycott judge in New York, rejects Coinbase’s argument that it is not qualified as a “legal seller” to reject the lawsuit that claims that the company illegally sold securities in the form of digital assets for customers without being registered as a driver.
Coinbase says it was not valid because she never passed the coded assets 79 that are traded by customers, noting that “Coinbase’s customers only deal with Coinbase itself.”
In a statement, Coinbase says,
“Coinbase, offering or selling securities does not list them. We look forward to raising the remaining claims in the provincial court.”
England also refused to reject the allegations governed by the laws of California, New Jersey and Florida, noting that the complainants had sufficient reasons for the claim that Coinbase was the direct seller of encryption principles.
In February 2023, Englmayer dropped the lawsuit, but the Court of Appeal reviewed the case and decided to return some parts to the judge.
In June 2023, a lawsuit against Coinbase was filed by the US Securities and Stock Exchange Committee (SEC) by claiming violation of securities laws as well as an unlicensed medium.
However, a year later, Coinbase filed a lawsuit against the organizational agency alongside the Federal Deposit Insurance Corporation (FDIC) on the pretext that it was intentionally out of the digital asset industry.
Coinbase said at that time,
“SEC launched a warfare warfare war on digital asset companies that, in conjunction with the efforts made by other financial organizations to cancel bank encryption companies, were designed to charge the digital asset industry.”
Don’t miss a rhythm – Subscribe to deliver email alerts directly to your inbox
Check the price procedure
Follow us xand Facebook and cable
Browse the daily Hodl Mix
& nbsp
Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
Distinguished Image: Shutterstock/Yurchanka Siarhei
