Robbins Geller intends to file a class action lawsuit against Block as the representative law firm

A Golden Finance report states that the law firm Robbins Geller Rudman & Dowd LLP announced its intention to file a class action lawsuit against Block as the representative law firm. The lawsuit is named Gonsalves v. Block, Inc., case number 25-00642 (ND Cal.), and alleges that Block and certain executives violated US securities laws, including Block's imposition of minimal obligations on customers seeking to open accounts, trade, and access funds, encouraging the use of Bitcoin (BTC), and pressuring Block's banking partners to waive KYC due diligence activities.