A Delaware judge has ruled that a shareholder lawsuit accusing several Coinbase Global Inc. directors of insider trading during the company's 2021 direct listing can temporarily proceed. The lawsuit, filed in 2023, alleges that CEO Brian Armstrong and director Marc Andreessen sold over $2.9 billion in stock to avoid potential losses exceeding $1 billion. This decision comes despite a special litigation committee's internal investigation, which found the allegations unsubstantiated.