The plaintiffs, Christopher Underwood, Louis Oberlander and Henry Rodriguez, represented by Connecticut law firm Silver Golub & Teitell, filed the amended complaint naming Coinbase Global , Coinbase and CEO Brian Armstrong as defendants. The 255-page document argues separately for each token in question that it qualifies as a security under the Howey test as “investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.”
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Source: Cryptocurrency - investing.com
