❕NEWS – Coinbase being sued for allowing the sale of Ripple.. | Proxies-free

In a complaint filed in the Northern District Court of California, Thomas C. Sandoval, the St. Louis County-based plaintiff, alleges Coinbase knowingly sold XRP (+2.17%) as an unregistered security and gained commission on these sales.
The lawsuit, which seeks class action status, argues Coinbase violated California’s unfair competition laws by “(gaining) an unwarranted competitive advantage over digital asset exchanges that only sold commodities.”