<ul><li>Coinbase faces a new lawsuit alleging its business model was illegal from the start.</li><li>Coinbase responded, calling the claims &#34;legally baseless&#34; and expressing faith in the judicial process.</li></ul>Legal troubles and <a href="https://newzchain.com/tag/crypto/?utm_source&#61;coinmarketcap&amp;utm_medium&#61;cmc_article&amp;utm_campaign&#61;CoinbaseLawsuite" rel="noopener noreferrer nofollow">crypto</a> — it is now starting to seem like a match made in heaven. There’s always a new lawsuit against anything related to crypto.The largest cryptocurrency exchange in the United States by volume, Coinbase, is now facing a new lawsuit from customers. They allege that the company&#39;s business model was illegal from the outset, echoing a previous case against the company.According to a media <a href="https://www.theblock.co/post/292552/coinbase-faces-copycat-class-action-suit-asserting-tokens-are-securities-in-echo-of-pending-case" rel="noopener noreferrer nofollow">report</a>, Coinbase defended itself by releasing a statement calling the claims &#34;legally baseless.&#34; The statement also expressed the company&#39;s full faith in the judicial process and its anticipation of addressing the claims fully at the appropriate time.For clarity, this new lawsuit is separate from Coinbase&#39;s widely publicized legal conflict with the U.S. Securities and Exchange Commission (SEC), which raises questions about whether tokens sold on Coinbase should be considered securities.For more news related to web3, crypto, blockchain, and more, visit <a href="https://newzchain.com/?utm_source&#61;coinmarketcap&amp;utm_medium&#61;cmc_article&amp;utm_campaign&#61;CoinbaseLawsuite" rel="noopener noreferrer nofollow">Newzchain</a>.

Coinbase Faces New Legal Battle as Customers Allege Illegal Business Model

Newzchain

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