Coinbase stands strong in consumer lawsuit as case is revived | Crypto | Ethereum | Bitcoin

Coinbase stands strong in consumer lawsuit as case is revived post-appeal

An appellate court has revived a civil lawsuit against Coinbase due to a clerical error despite ruling that the initial dismissal was appropriate. The current ruling largely supported a federal court’s dismissal of the case, noting that the district court “properly dismissed” the plaintiffs’ Section 29(b) complaints. Coinbase chief legal officer Paul Grewal responded to the legal development on April 5, saying that crypto exchanges have no private liability for secondary trading of crypto tokens because “contracts matter.”

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