Key facts
- A U.S. judge dismissed most of a lawsuit against Coinbase.
- The lawsuit accused Coinbase of illegally selling unregistered securities.
- The judge ruled Coinbase was not a statutory seller for most transactions.
- Customers may still pursue claims related to inventory transactions.
A U.S. judge has dismissed the majority of a lawsuit that accused Coinbase of illegally selling unregistered securities. The judge ruled that Coinbase was not a statutory seller for the vast majority of the transactions that were part of the lawsuit. Customers involved in the suit may still pursue claims that are related to inventory transactions. This means that while a significant portion of the legal challenge has been resolved in favor of Coinbase, a smaller part of the case can still proceed.