[U.S. Judge Rules Shareholder Lawsuit Against Coinbase Directors Alleging Insider Trading Can Proceed] According to Bloomberg, a judge in Delaware has ruled that a shareholder lawsuit against multiple directors of Coinbase Global Inc., including venture capitalist Marc Andreessen, alleging insider trading, can now proceed. This follows an internal investigation that had previously cleared the defendants of any wrongdoing. A shareholder of the cryptocurrency platform filed the lawsuit in 2023, claiming that directors, including CEO Brian Armstrong, used confidential information to sell over $2.9 billion worth of stock during the company’s 2021 IPO, thereby avoiding losses exceeding $1 billion. According to the shareholder's complaint, Brian Armstrong, who has served as CEO since Coinbase's founding in 2012, sold $291.8 million worth of stock.