Coinbase largely wins a bid to dismiss parts of a lawsuit brought by customers over the company’s sale of certain crypto tokens in the United States, according to reporting from multiple outlets. The cases center on claims that Coinbase’s token sales and related activities unlawfully involved securities or otherwise violated federal law. Courts do not fully agree with customers on all claims, and key portions of the lawsuit are dismissed or narrowed, though some issues may remain. The outcomes described in the coverage indicate that at least a substantial share of the customers’ allegations do not proceed as initially filed. The dispute continues on the remaining claims, with the litigation set to move forward on those parts that survive the dismissal. Coinbase’s position, as reflected in the reporting, is that it has complied with applicable requirements and that the legal theories asserted by the plaintiffs are not sufficient to warrant the requested relief. The customers’ filing and the court’s rulings represent another development in ongoing US legal scrutiny of crypto exchanges and how regulators and courts evaluate whether tokens should be treated as securities.