Coinbase Must Face Shareholder Lawsuit Over Regulator Risk Concerns, Judge Rules

"The Court finds Plaintiffs have adequately alleged that Defendants misleadingly described a favorable picture of the improbability that the SEC would file an enforcement action by repeatedly emphasizing that the crypto assets they listed were not securities."

"While the plaintiffs had a plausible case that Coinbase acted 'negligently' when it came to regulatory action, they did not bring a plausible case for most of the allegations."

Read at Coindesk