Law firm Robbins Geller Rudman & Dowd LLP has announced its intention to represent the firm in a class action lawsuit against Block, known as Gonsalves v. Block, Inc., Case No. 25-00642 (ND Cal.), which alleges that Block and certain of its executives violated U.S. securities laws, including by imposing minimal obligations on clients seeking to open accounts, trade, and access funds, encouraging the use of Bitcoin and pressuring Block's banking partners to abandon their KYC due diligence activities.