A U.S. judge denied in part last week Coinbase's request to dismiss a class action lawsuit from shareholders accusing the exchange of misleading them about its chances of being sued by the U.S. Securities and Exchange Commission. A group of Coinbase shareholders sued the exchange in 2022, alleging the exchange "made materially false and misleading statements" about its operations and risk of regulatory action. United States District Judge Brian Martinotti, of the District of New Jersey, ruled Thursday that while the plaintiffs had a plausible case that Coinbase acted "negligently" when it came to regulatory action (the SEC did, in fact, sue Coinbase), they did not bring a plausible case for most of the allegations. "The Court finds Plaintiffs have adequately alleged that Defendants misleadingly described a favorable picture of the improbability that the SEC would file an enforcement action by repeatedly emphasizing that the crypto assets they listed were not securities," said in a court document.