Wrong headline of bad article. Better article: [1]<p>The case is Underwood et al v. Coinbase Global, Inc. The decision doesn't seem to be visible online yet, short of logging into Pacer.<p>It was a weak case. The plaintiffs claimed that Coinbase was operating an unlicensed securities exchange and selling unregistered securities. They're probably right. The SEC can raise the unlicensed securities exchange issue, but has so far not chosen to do so for crypto exchanges which actually do what they say they're doing. The unregistered securities issue should have been raised against the issuer of the token, if there is one. Coinbase is just an intermediary here. Unlike, say, FTX, which issued its very own crap cryptocurrency.<p>[1] <a href="https://www.bloomberg.com/news/articles/2023-02-01/coinbase-wins-dismissal-of-lawsuit-over-unregistered-securities" rel="nofollow">https://www.bloomberg.com/news/articles/2023-02-01/coinbase-...</a>