By Charlie Innis (March 14, 2022, 5:05 PM EDT) — Three cryptocurrency buyers claim Coinbase operates as an unregistered securities exchange and name 79 digital assets trading on the platform they believe should be classified as securities, according to a proposed class action in New York federal court.
In the amended complaint filed Friday, Christopher Underwood, Louis Oberlander and Henry Rodriguez say crypto tokens — digital assets often created by companies and built on top of existing blockchain networks — are “in fact” securities and accuse Coinbase Global Inc. of selling them in violation of federal and state securities laws.
The three buyers aim to represent a nationwide class of people…
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