A U.S. federal judge has allowed Coinbase shareholders to proceed with a narrowed class-action lawsuit, alleging the crypto exchange misled investors about regulatory and financial risks. The lawsuit, spearheaded by Sweden’s Sjunde AP-Fonden pension fund, includes shareholders who purchased stock between April 14, 2021, and June 5, 2023. Plaintiffs claim Coinbase and its executives made misleading statements regarding U.S. regulatory actions and the security of customer funds during bankruptcy. This development follows Coinbase's previous legal challenges with the SEC, which were dropped in February 2025.