Cryptocurrency exchange Coinbase was today sued in California federal called for offering XRP declared to be security token according to latest SEC claim against Ripple. Coinbase is sued for taking commission from XRP sales and breaching state unreasonable competition laws.
Coinbase Sued Over “illegal” XRP Sales
Simply couple of weeks after SEC submitted a $1.3 Billion suit versus Ripple, a federal court in California has received a problem against Coinbase for offering XRP declared to be security token.
New one count California federal court claim declares Coinbase broke state unjust competition laws by offering XRP, alleged to be an unregistered security, and taking commissions from the sale. pic.twitter.com/BpMZO1ulcC
—– Palley (@stephendpalley) December 30, 2020
Story under development…….
The post Breaking: Coinbase Sued For Selling XRP Alleged to be Security Tokens appeared initially on Coingape.