The product hasnt been launched yet, but Coinbase encouraged customers in June to sign up for pre-enrollment. Coinbase has seen many similar A proposed class action looks to represent consumers whose Coinbase wallets or accounts have allegedly been frozen by the nations largest cryptocurrency exchange or hacked by third parties. The company is renowned for freezing accounts, abysmal customer service, and questionable actions of all kinds. Filed on September 8th, the lawsuit presented at the U.S. district court in Texas challenged the sanction order on Tornado Cash. Bragar Eagel & Squire, P.C. WebHere's how you can use DoNotPay to appeal fees: 1. Dont forget you can visit MyAlerts to manage your alerts at any time. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Home Business Coinbase class action lawsuit: Company accused of not safeguarding customer accounts. Instead, your options for compensation when the company does something wrong are either suing in small claims court or using consumer arbitration. before i signed and hit submit i came here. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Sen. Elizabeth Warren, D-Mass., has signaled that legislation may be needed to give theSEC the authority it needs to regulate cryptocurrency exchanges. Louis Oberlander, Henry Rodriguez, and Christopher Underwood allege that a wide range of Coinbases listings are illegal, including decentralized exchanges, lending protocols, oracles, metaverses, and meme coins. The new filing comes on the back of Coinbase's Q2 report after announcing partnership with BlackRock. coinbase hidden fee lawsuit anyone else get those ads? Coinbase, the U.S.s biggest cryptocurrency exchange, operates two digital asset trading platforms: Coinbase and Coinbase Pro that each and together meet the definition of an exchange under federal securities laws, the suit states. Facebook; Twitter; As alleged in the lawsuit, Mr. Vernon told Coinbase that the $8.2 million represented either a portion of the revenues Cryptsy had generated from its business or represented Bitcoin that Mr. Vernon himself personally owned. i didnt sign or submit, Did it ask for your social because mine is over 600.00 after I e-signed it asked for social. Intentional or not, this lawsuit seems a natural consequence of Genslers view and the increase in action taken by regulators to ensure that the digital asset industry is compliant. No Comments; convert nested json to csv pandas. Until then, users who wish to trade digital currencies should be extra careful when selecting an exchange. Coinbase A brief overview of its dubious conduct. I received the same email. Coinbase first demanded that the Court send the case to private arbitration. Dr. Vernon is believed to have absconded with those funds when he abandoned Cryptsy and fled to China in late-2015. Coinbase has, Coinbase also went ahead and listed Tether, the largest so-called stablecoin by market cap. A Detailed New Investors' Trading Guide . Furthermore, he states that the exchange has made little to no effort to recover much of his stolen funds. By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy. Reproduction in whole or in part in any form or medium without express written permission of MDD Group FZE LLC is prohibited. Prosecutors allege that 32-year-old Ishan Wahi, alongside at least two cohorts, connived to exploitseveral Coinbase listing announcements for more than 25 digital currencies. While the Coinbase lawsuits below give good information for any customers, the fine print of your user agreement likely says you cannot sue Coinbase but have to use consumer arbitration. With FairShake, you can get help starting the arbitration process and getting the compensation to which you are entitled. On Monday, James received a court order to shut down Coinseed. We at FairShake are working hard to revolutionize the options for consumers who need compensation and justice. All right reserved.FairShake Inc.2323 BroadwayOakland, CA, 94612Tel: (510) 937-3247. is a situation where hundreds or thousands of customers all have the same complaint so they are all represented by the same lawyers who sues the company for millions of dollars in most cases and then divides the settlement evenly for all of those affected people. A group of cryptocurrency investors is suing Coinbase, alleging that lax security systems at the crypto trading platform exposed their accounts to hackers. In Brief. Coinbase users file a claim against the exchange for allegedly selling securities illegaly. I was having problems with the company for months. They asked for normal settlement information confirmed existing name, address, phone, email and method of payment. As stated in the lawsuit, the class of victims pursuing relief includes: All CRYPTSY account owners who: (1) deposited Bitcoins, alternative cryptocurrencies, or any other form of monies or currency at CRYPTSY, (2) had such currency liquidated by VERNON and CRYPTSY through COINBASE, and (3) have been denied access to their accounts and funds between May 22, 2014 and the present date. The lawsuit asserts against Coinbase claims for aiding and abetting breach of fiduciary duty, aiding and abetting conversion, negligence, and unjust enrichment. Your email address will not be published. Coinbase is currently weathering several litigiously-inclined cases on several fronts both directly and indirectly. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. Referencing the American crypto exchanges separate ongoing probe case with the Securities and Exchange Commission (SEC), Robbins Geller said: Coinbase allowed Americans to trade digital assets that Coinbase knew or recklessly disregarded should have been registered as securities with the US Securities and Exchange Commission.. Vernon told Coinbase that the $8.2 million represented either a portion of the revenues Cryptsy had generated from its business or represented Bitcoin that Mr. Vernon himself personally owned. According to the filing details, the company failed to alert users that it had a standing relationship with LUNAs parent company, Terra. is A new class action lawsuit has been served againstCoinbasefor allegedly committing several infractions. Twitter Facebook Linkedin. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, ConsenSys Confirms Job Cuts; CEO Lubin Touts a Win for Decentralization Over Ridiculous CeFi, Justice Department to Announce Major International Crypto Enforcement Action, How Social Media Influencers Fed Bankman-Fried's Cult of Personality, Bitcoin Erases Entire FTX-Related Decline in Latest Surge. I just submmitted mine, all it seemed legit and formal, I looked up the attorney office, all I submitted was email and then I would accept payment via venmo, Did they charge a large fee because it said I would get $197. In June 2017, we defeated Coinbases efforts to have the lawsuit shifted to a private arbitration forum rather than the public forum that the U.S. courts provide. [REQ_ERR: 521] [KTrafficClient] Something is wrong. Simply stated, they chose not to do that. The transformation of value in the digital age. Join the official Bitcoin SV Discord channel: www.discord.gg/bsv, Coinbase class action lawsuit: Company accused of not safeguarding customer accounts. Lets dig into what the company stands accused of since we are getting tons of inquiries of people looking to join the Coinbase class action lawsuit. The biggest crypto news and ideas of the day. I was having problems with the company for months. Coinbase Hit With Class-Action Suit for Failure to Register as an Exchange, News Listen to free podcasts to get the info you need to solve business challenges! Email: contacto@gedcom.cl, consecutive integer checking algorithm for gcd in python, Multiply Large Numbers Represented As Strings In C++, Aluminium Prefabricated Houses Near Milan, Metropolitan City Of Milan, what is the correct usage of enum in mysql, why are there tiny mosquitoes in my house. Coinbase has seen many similar lawsuits relating to cryptocurrencies but in this one, the plaintiffs claim that the founder of the company Paul Vernon stole Cryptsy from user accounts, closed it, and moved to China with that money thereafter refusing to give it back. In the process, the SEC says that Wahi and his brother Nikhil made more than $1.1 million in profits. For those who follow CoinGeeks news onCoinbase, these accusations will come as no surprise. United States District Court Judge Kenneth Marra denied Coinbases request a decision that was affirmed on appeal by the Eleventh Circuit Court of Appeals. Instead, Coinbase has allegedly kept those unclaimed funds for itself, which many critics believe represents an unlawful or unfair business practice. The brothers made the profits along with a friend, Sameer Ramani. The latest moves in crypto markets, in context. 3. Dr. Craig Wright (aka Satoshi Nakamoto) has vowed legal action against the exchange if the situation is not remedied in the immediate future. A new class action lawsuit has been served against Coinbase for allegedly committing several infractions. Bielski sued Coinbase after he was scammed out of more than $31,000 from his account at the company by someone not connected to Coinbase. The plaintiff, Adam Alfia, alleges that an unauthorized purchase of $50,000 of Ethereum was made in his Coinbase account. We look forward to litigating these claims.. Coinbase allows you to stake your assets in a third party if you use cryptocurrency. Tel: (+56) 2 3229 2680 Bragar Eagel & Squire, P.C. In a postscript at the end of his statement, Davaasambuu appeared to address these allegations, writing: As for the Dogecoin, Im good at trolling!. Consumers are then left at the mercy of hackers and other nefarious parties who exploit these vulnerabilities to drain victims accounts in an instant. Coinbase also participated in the delisting attack against Bitcoin SV. Dr. Craig Wright (aka Satoshi Nakamoto) has vowed legal action against the exchange if the situation is not remedied in the immediate future. Coinbase has so far failed to respond and has not warned its investors about the pending legal action. Coinbases failure to register is therefore a violation of Section 5 of the Exchange Act. Are Coinbase accounts protected from fraud? COINBASE COMPLAINT CASE# 06261747 NEED POSITIVE RESPONSE COINBASE STOLE 120k FROM MY ACCT AUG 10 2022. Be a smarter, safer investor in eight weeks. Coinbase is testing a new subscription service that reduces its trading fees in return for a monthly fee called Coinbase One. Did you submit your claim? We may be biased, but arbitration is often the better option, and its the one where we can help. I chose Venmo and all I provided was my phone number. According to purchasers of one "stablecoin" cryptocurrency, nothing but false advertising. Coinbase operates two digital asset trading platforms. We go over your options. You have to click an accept button to confirm that you saw this hidden fee in your Coinbase bill. Coinbase Class Action Hidden Fees After researching and comparing information on the websites, we find out the Coinbase Class Action Hidden Fees of 2022. I cant say enough good about this company! Coinbase may charge fees when you buy, sell, or convert cryptocurrencies. You have successfully joined our subscriber list. Coinbase was able to recover $1,000 of his funds, but the rest remains missing, the complaint states. Get class action lawsuit news sent to your inbox sign up for ClassAction.orgs free weekly newsletterhere. Coinbase had a fiduciary duty to know its customers and report suspicious transactions. Fees are calculated at the time you place your order and may be determined by a combination of factors, including Veritaseum is requesting $350 million Kattula and his fellow plaintiffs are seeking at least $5 million in Coinbase: A New XRP Lawsuit. ClassAction.org is a group of online professionals (designers, developers and writers) with years of experience in the legal industry. Your article was successfully shared with the contacts you provided. 2023 FairShake. This is a hidden Coinbase fee of 2% on any exchanges, meaning conversions or purchases from USD to cryptocurrencies or from one cryptocurrency to another. If I trade $500 of 1 asset for another, the trade is immediately, "you now own $475 of the 2nd asset" when the price has NOT changed, I've contacted customer service several times, and they respond "crypto is volatile", which just makes me more mad -. After this, a Coinbase employee was arrested for insider trading. This is a complicated question. Check our ranking below. admin Aug 09, 2022 0 Comments. As of press time, the leading exchange was yet to provide any comments on the matter. Coinbase, the U.S.s biggest cryptocurrency exchange, disclosed in a blog post that the SEC issued a Wells notice, meaning it may pursue enforcement action, and opened a formal In addition, Kattula also claims that Coinbases laxity saw hackers steal an additional $1,000 from his account. Evergreen Transport Jobs Near Hamburg, Multiply Large Numbers Represented As Strings In C++, Furthermore, the statement goes on to list other grievances committed by Coinbase regarding the custody of crypto assets. In this situation you would argue your case before an independent arbitrator who can force Coinbase to fix the problem and give you compensation. motorola talkabout pager; awd wheelchair accessible vehicle First was the investigation filed by the SEC for listing security coins on their platform. I signed up for Coinbase in 2013 after they were The plaintiffs, which reportedly include Coinbase employees, urged the court to revoke the sanction, arguing that the Treasury overstepped its boundary and violated the constitutional rights to free speech. Kattula and his fellow plaintiffs are seeking at least $5 million in damages. This caused Coinbase CEO Brian Armstrong to launch a tirade of conspiratorial accusations against the SEC on social media platform Twitter. i feel like if youre an avid day trader, it could add up to alot. Im just wondering if I sign the settlement will they reward more after the lawsuit is complete?? Several complaints alleged that users crypto balances were converted to dogecoin without their consent, including one user who said his $48,000 position in various cryptocurrencies became $31,000 in DOGE overnight. Heists on the rise Coinbase has now been facing continuous lawsuits for quite a while now. In some situations, you might notice hidden fees that are actually from a transaction that took place during the previous billing cycle. One claim in this suit is that over 1,000 accounts have been similarly hacked. Posted by religious exemption for beard on coinbase hidden fees lawsuit stillwater cove campground map Silver Miller is acting as Co-Lead Counsel to the putative class of plaintiffs in a class action lawsuit pending against California-based Money Services Business and I consider myself an early Coinbase user. Veritaseum Capitals attorney Carl Brundidge also accused Coinbase of being uncooperative in settling out of court, hence the lawsuit. The official court docket shows the following complaints: breach of contract, negligence, fraud, and negligent misrepresentation. As stated in the lawsuit, the class of victims pursuing relief includes: All CRYPTSY account owners who: (1) deposited Bitcoins, alternative cryptocurrencies, or any other form of monies or currency at CRYPTSY, (2) had such currency liquidated by VERNON and CRYPTSY through COINBASE, and (3) have been denied access to their accounts and funds between May 22, 2014 and the present date. The lawsuit asserts against Coinbase claims for aiding and abetting breach of fiduciary duty, aiding and abetting conversion, negligence, and unjust enrichment. The plaintiffs filed the class action lawsuit against Coinbase in the Georgia federal court. I am a bot, and this action was performed automatically. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Many of those involved in the lawsuit claim to have sent over 100 emails to the company trying to get a customer service response but to no avail. Idk but I have absolutely thought going to the honorable John E. Deaton just to share some thoughts, opinions and ideas Every time I trade, money disappears from the trade after I've confirmed the amount - I don't mind fees, but they can't say "no fee", and then take money out! Coinbase, like many companies, includes language in the user agreement you signed when you utilize their services which prohibits you from suing in a state or federal in most circumstances. The complaint alleges that the defendants made materially The complaint alleges that the defendants made materially false and misleading statements. Silver Miller is acting as Co-Lead Counsel to the putative class of plaintiffs in a class action lawsuit pending against California-based Money Services Business and cryptocurrency exchange operator Coinbase, Inc. The lawyer fee is $9.75 so total $ 135. Coinbase Global Inc.s chief executive officer blasted the Securities and Exchange Commission for really sketchy behavior after the company received a warning that regulators plan to sue.In Coinbase Overcharged Me / Hidden Fees. James lawsuit also alleged Coinseed, which does not have a BitLicense or federal clearance, of operating as an unregistered commodities broker-dealer. Coinbase, which last year became the first cryptocurrency exchange to go public in the U.S., is facing a string of lawsuits from unhappy investors. 1 miobrien 9 mo. All the things about Coinbase Class Action Lawsuit and its related information will be in your hands in just a few seconds. . Best of the Best. I already asked about it here, and the general consensus is that it is a scam. In March 2021, Coinbase was fined $6.5 million and ordered to cease and desist from certain behavior by the CFTC. In Brief. anyone else get those ads? File a complaint against Coinbase through the Better Business Bureau (BBB) File a complaint through the small claims court. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Bitcoin trading near korea kimchi premium, Bitconnect founder over billion ponzi scheme. If they wont, you still have two legal options you can pursue: Take your complaint beyond customer service and get a real resolution. The lawsuit is part of an increase in scrutiny over rogue exchanges across the board, from regulators beginning enforcement to private citizens taking action. There can be rewards on this investment minus a hidden Coinbase fee of 25%. Important At all relevant times, the suit maintains, Coinbase claimed to analyze whether a particular digital asset was a security in determining whether to list that digital asset for trading on the Coinbase Platforms. September 8, 2021. If youre experiencing an issue with your Coinbase account, please contact us directly. Hidden fees in your Coinbase bill are based on the services you use. , customers claim that their hacked account resulted in losses of thousands of dollars and to make matters worse, when they tried to alert customer service, their account was frozen and they were unable to access what money remained. 0; 0. flyway checksum In May, James filed a court motion to shut down Coinseeds operations and freeze its trading activity. In March 2021, Coinbase was fined $6.5 million and ordered to cease and desist from certain behavior by the CFTC. Kattula also alleges that Coinbase locked his account. says anyone who files, they will help get compensation for the amount of hidden fees taken without your knowledge over the years. A man in Texas alleges that his account was hacked and the hacker used his account to purchase $50,000 in Ethereum cryptocurrency. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge. The case is pending in the United States District Court for the Southern District of Florida under Case No. Ethereumwho have co-opted the digital asset revolution and turned the industry into a minefield for nave (and even experienced) players in the market. Donald Kocher filed the complaint with the U.S. District Court in Delaware on behalf of Coinbase Global, Inc. They are really a light for us in a very hard time. In June 2017, we defeated Coinbases efforts to have the lawsuit shifted to a private arbitration forum rather than the public forum that the U.S. courts provide. It has repeatedly ignored customer pleas for help when their accounts are hacked or otherwise taken over. According to a press release from Bernstein Liebhard reminding investors of the deadline to file against Coinbase, plaintiff alleges that throughout the Class Period, [Coinbase] made materially false and misleading statements regarding the Companys business, operations, and compliance policies.. Meanwhile, major exchanges, including Bittrex, said they would delist XRP soon thereafter. Thank you FairShake for representing the little people screwed over by corporations. He claims he did not make the purchase and did not give consent to anyone else to make it. In this lawsuit from 2020, Coinbase was taken to task over claims that they shared responsibility for the theft of cryptocurrency Cryptsy from user accounts. Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. Head to consensus.coindesk.com to register and buy your pass now. Mine says Ill get $125. The claims are that Coinbase prevented users from being able to access their accounts for no reason, which prevented them from trading or investing the funds in their account. The plaintiffs, Coinbase users from Texas and Florida, allege that they signed on with the company with the reasonable expectation that they would be able to access their crypto wallets whenever they wanted. New cases and investigations, settlement deadlines, and news straight to your inbox. Coinbase has to date refused to register the Coinbase Digital Asset Platforms as national securities exchanges or as broker-dealers with the SEC, the suit states. How 7 Advisors Forged Bonds With CPAs, Lawyers: Advisors Advice, Jamie Hopkins: Advisors Ignore 401(k) Plans at Their Peril, CFP Board Sanctions Advisor Over Misleading YouTube Video Ad, Creative Planning Taps Charlie Bilello as Chief Market Strategist, Barred Broker Who Bankrupted BD Is Charged With Fraud: DOJ, Investors Share Their Biggest 2022 Regrets, 2023 Goals, Tom Brady, Gisele Bundchen Among FTX Shareholders Set for Wipeout, Onramp Launches SMA Solution for Advisors, Asset Managers: Tech Roundup, has signaled that legislation may be needed. In addition to wrongdoing alleged to have occurred at Coinbase in 2013-2015, Silver Miller is also actively involved in investigating several ongoing problems and suspicious activities occurring at Coinbase in recent weeks/months, including the following: The design and nature of this business scheme exploits and deceives consumers in two ways, the lawsuit claims. How to cash out crypto without paying taxes. Get alerted any time new stories match your search criteria. It has repeatedly ignored customer pleas for help when their accounts are hacked or otherwise taken over. with the FCC or BBB, but for lawsuits, you have two options: . You may also be charged fees by an ATM operator. Coinbase is a large financial service that allows people to trade, store, and purchase different types of currencies including a wide range of cryptocurrencies. Feel free to visit our contact page to tell us if you have experienced issues with this cryptocurrency exchange. Coinbase has denied that the digital assets it lists on the Coinbase Digital Asset Platforms are securities and has denied that the Coinbase Digital Asset Platforms provide securities services to users of the Coinbase Digital Asset Platforms.. Did you recently check your Coinbase balance, and see something missing? 9:16-cv-81992. It was charged with reckless, false, misleading, and inaccurate reporting and wash trading. Create an account to follow your favorite communities and start taking part in conversations. Probing the intersection of crypto and government. The suit looks to represent a proposed class that covers all current and former Coinbase account users and/or consumers in the U.S. who registered for a Coinbase account at any time on or after the day four years prior to the date on which the lawsuit was filed (August 3, 2021), who maintained funds and/or cryptocurrency in their account and who were subsequently deprived of access to, or lost, their funds and/or crypto due to the companys conduct. August 25, 2022. Please refer to your Coinbase Cardholder Agreement for further details. With how large they are and how many customers they have all around the world, they find themselves at the center of many Coinbase lawsuits. Search "appeal fees" on DoNotPay, choose the Fight and Waive Fees product, and select the type of fee you want to appeal. Select the merchant you want to appeal fees for and enter the details of your transaction, including an associated account if you have one. Accordingly, Coinbase misrepresented its ability to comply with its own arbitration procedures, fraudulently induced Plaintiffs and Class Members to accept the User agreement with the Arbitration Provision, breached their duties under the Arbitration provision, and rendered Plaintiffs and Class Members acceptance of it a mistake of fact, if not rendering the Arbitration provisionvoid ab initio, the lawsuit contends. October 11, 2021 at 01:09 PM Coinbase Card Rewards - Through February 14, 2023, 4% xlm Rewards are back everybody could chill out, Press J to jump to the feed. Heres some of what weve reported on over the years. Aluminium Prefabricated Houses Near Milan, Metropolitan City Of Milan, This caused Coinbase CEO Brian Armstrong to launch a tirade of conspiratorial accusations against the SEC on social media platform Twitter. Circle reassured the USDC holders and the general public that it remained committed to transparency. The issue centers on Coinbases product called Lend, which the company has marketed as a high-yield alternative to traditional savings accounts that could earn an annual yield of 4%. Coinbase Lawsuits over Hacked and Frozen Accounts. Coinbase also participated in the delisting attack against Bitcoin SV. It shouldnt be any different than what you can see in a brokerage account at Charles Schwab or The new price represents a new all time high of $0.030596. Coinbase was hit with a class-action lawsuit Friday for not registering its platforms as national securities exchanges or as broker-dealers with the Securities and Exchange Yes, they are allowed in some situations, but no you probably cant sue Coinbase as a customer in a traditional court. SEC Chair Gary Gensler sent out a not-so-subtle warning to Coinbase last year, urging the exchange to register themselves with the SEC and remarking that Coinbase have dozens of tokens that may be securities.. Mr. Geller by calling 800/449-4900 or via e-mail at [email protected]. Coinbase class action lawsuitwhat we know. Kattula states that approximately $6000 in crypto left his Coinbase account to unknown parties. A putative class action lawsuit filed against Coinbase (COIN) last week alleges that the Crypto exchange failed to properly secure customers accounts, leaving them vulnerable to theft and unauthorized transfers. FollowCoinGeeks Crypto Crime Cartelseries, which delves into the stream of groupsa fromBitMEXtoBinance,Bitcoin.com,Blockstream,ShapeShift,Coinbase,Rippleand Transaction fees are among the most expensive Only accepts bank transfer or debit card for U.S. users Long deposit time if using bank transfer 1-5 business days withdrawal time [4] Poor customer support The biggest downside of Coinbase is that the fees are expensive compared to othersas much as 3.99% per transaction, plus a 0.50% spread. The lawsuit, which was originally filed in February, accused Coinseed of swindling its users of $1 million through an unregistered initial coin offering (ICO) in 2018. Explore Move To Earn Game Development In Detail. The suit explained: Although Coinbase reversed the unauthorized transfer of the $1,000, it froze his account and refused to cover all the cryptocurrency that was stolen.. Furthermore, these law firms, includingHerman Jones LLP,Bernstein Liebhard LLP, andRobbins Geller, seek to represent affected users in seeking damages against the exchange. The suit explained: Although Coinbase reversed the unauthorized transfer of the $1,000, it froze his account and refused to cover all the cryptocurrency that was stolen. The What Coinbase did: attempted a SELL ORDER before a bitcoin went to crash , sell order was near 700$ , BUT CUSTOMER SERVICE (877) 383-4015. Those purchasers have now filed a class action lawsuit in California federal court against cryptocurrency exchange Coinbase and GMO Trust, the issuer of the GYEN cryptocurrency at issue, alleging that the two falsely marketed the stability of Coinbase was hit with a class-action lawsuit Friday for not registering its platforms as national securities exchanges or as broker-dealers with the Securities and Exchange Commission.