🚀 Coinbase is in hot water again, facing a new lawsuit from a group of plaintiffs claiming they were tricked into buying unregistered securities. 🧐

- The suit was filed in California and alleges that Coinbase acknowledged it operated as a securities broker, but still offered access to assets like SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ, and XLM, which the plaintiffs claim are unregistered securities.

- This is different from Coinbase's ongoing legal tussle with the SEC over whether tokens offered on the exchange should be classified as securities.

- Crypto lawyer John Deaton has stepped in to back Coinbase, submitting a brief supporting an appeal on behalf of 4,701 Coinbase clients.

- In another twist, Coinbase is also facing legal action from customers over its handling of the GYEN stablecoin, which they claim was far from stable.

What do you think about these legal battles? Are they justified or just part of the growing pains for the crypto industry? Let's chat in the comments! #Coinbase #CryptoNews #DeFi 🚀📈