NEW YORK (Reuters) – A U.S. judge on Wednesday dismissed a lawsuit accusing Coinbase Global Inc of selling unregistered securities and failing to register as a broker dealer.
U.S. District Judge Paul Engelmayer in Manhattan rejected claims in the proposed class action by customers who transacted in digital assets, known as tokens, on Coinbase’s trading platform.
(Reporting by Jonathan Stempel in New York; Editing by Chris Reese)
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