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Judge dismisses proposed class-action suit alleging Coinbase securities sales

The suit brought charges under the Securities Act of 1933 and Exchange Act of 1934 and used the Howey test, established by the U.S. Supreme Court in 1946, to identify the tokens. The plaintiffs argued for each token individually. In his decision, Judge Paul Engelmayer stated regarding the Howey claims:

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Source: Cryptocurrency - investing.com

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