Coinbase Client has sued the exchange for trading XRP
Amid a SEC lawsuit against Ripple, a California resident sued Coinbase. He accuses the site of making a profit from the sale of XRP as a security. In his lawsuit, Thomas Sandoval emphasizes that Coinbase sold XRP cryptocurrency in the knowledge that the coin is a security, and this is a violation of California’s fair competition law. The law protects consumers from fraudulent advertising and fraudulent business practices. According to the plaintiff, the management of…
