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Coinbase and CEO sued for trading in unregistered securities

The company is also defending similar claims by the U.S. Securities and Exchange Commission.

Coinbase and its CEO were hit with a proposed class action for allegedly trading in unregistered securities as the cryptocurrency platform is defending similar claims by the U.S. Securities and Exchange Commission. 

Since its launch in 2012, "Coinbase has held itself out to the public and the plaintiffs as a 'broker' and a 'trusted part' of a regulated financial industry ... What Coinbase really means by claiming to be regulated is that it has 'money trans...

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