A United States federal judge has rejected Coinbase’s argument that it does not meet the definition of a “statutory seller” under federal law, forcing the cryptocurrency exchange to face an investor lawsuit in the state of New York.

A federal judge ruled that Coinbase (COIN) must face a lawsuit from customers who claim that the cryptocurrency exchange illegally sold

A U.S. federal judge has ruled against Coinbase’s argument that it does not qualify as a "statutory seller" under federal law.

Last month, another Manhattan federal judge put that case on hold so Coinbase could immediately ask the 2nd Circuit whether, under a 1946 Supreme Court precedent, digital token tr