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Coinbase Sued by Clients For Selling "Security" XRP

Mary Liu

Summary: According to Bloomberg, Coinbase customers filed a class-action lawsuit in California Federal Court, claiming that Coinbase should have known that XRP is a kind of securities, and the exchange “illegally sold” XRP and collected commissions from it, violating California’s unfair competition laws. Previously, Coinbase announced to suspend XRP trading on January 19, 2021. By Mary ...

According to Bloomberg, Coinbase customers filed a class-action lawsuit in California Federal Court, claiming that Coinbase should have known that XRP is a kind of securities, and the exchange “illegally sold” XRP and collected commissions from it, violating California’s unfair competition laws. Previously, Coinbase announced to suspend XRP trading on January 19, 2021.

By Mary Liu

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