• The Coinbase application on a smartphone arranged in Hastings-on-Hudson, New York, U.S., on Monday, Jan. 4, 2021. Coinbase Inc. knew cryptocurrency XRP was a security rather than a commodity and "illegally" sold Ripple Labs Inc.'s tokens anyway, a customer argues in a proposed class-action lawsuit over the commissions the crypto exchange collected. Photographer: Tiffany Hagler-Geard/Bloomberg via Getty Images