A gaggle of Coinbase shareholders sued the trade in 2022, alleging the trade “made materially false and deceptive statements” about its operations and threat of regulatory motion. United States District Decide Brian Martinotti, of the District of New Jersey, dominated Thursday that whereas the plaintiffs had a believable case that Coinbase acted “negligently” when it got here to regulatory motion (the SEC did, in truth, sue Coinbase), they didn’t deliver a believable case for a lot of the allegations.
