A recent lawsuit has been brought against Coinbase and its CEO by a group of plaintiffs in California and Florida. They claim that they were deceived into purchasing unregistered securities by the cryptocurrency exchange. This legal challenge is the latest in a series of troubles for Coinbase, following a previous lawsuit from the SEC. The lawsuit specifically accuses Coinbase of selling unregistered securities, which include popular cryptocurrencies like Solana, Polygon, Near Protocol, and others. The plaintiffs are seeking rescission, damages, and injunctive relief as a result of these allegations. The lawsuit was filed in the United States District Court for the Northern District of California, with several individuals named as plaintiffs. They argue that Coinbase, despite acknowledging its role as a securities asset broker in its user agreement, continued to offer assets that are allegedly unregistered securities.