Warning! Coinbase filed a lawsuit over XRP sale
In anticipation of the IPO of the crypto exchange, the creators of Coinbase will have to face an unforeseen circumstance. The exchange was sued for the sale of Ripple tokens
The plaintiff, Thomas Sandoval, wrote in a statement that the most popular US exchange knew full well that XRP tokens had signs of securities, but did nothing. Moreover, the coins were actively promoted on the exchange, and the team received good commissions.
The lawsuit states that this gave the exchange an unreasonable advantage over other cryptocurrency exchangers that have listed tokens in accordance with the current federal law.
The trial is so out of place. Indeed, in 2021, the exchange plans to conduct an initial public offering of shares. We will follow how events will develop!