Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Oregon To ‘Resurrect’ SEC’s Crypto Regulation By Enforcement With ‘Copycat’ Lawsuit Against Coinbase

Share This Post

Crypto exchange Coinbase revealed that Oregon’s Attorney General plans to file a lawsuit similar to the Securities and Exchange Commission (SEC)’s dismissed case. According to the exchange, Oregon is reportedly trying to revive the US regulator’s long-criticized “regulation by enforcement” approach.

Coinbase To Face New Lawsuit In Oregon

On Friday, Coinbase’s Chief Legal Officer, Paul Grewal, shared that Oregon’s Attorney General will file a securities enforcement action against the crypto exchange on April 18.

According to the blog post, the Attorney General’s “copycat case” is “asserting the same stale, repeatedly refuted theories that the SEC rightly disavowed (with prejudice) when it dismissed its case against Coinbase.”

Grewal slammed the Oregon Attorney General’s decision, stating, “These hand-me-down arguments are years out of date and defy public opinion, technological progress, and good governance.”

For context, the SEC sued the crypto exchange in 2023, alleging that the platform was an unregistered securities exchange. The Commission argued that Coinbase operated as an unregistered broker-dealer and illegally sold unregistered securities through its staking program.

Nonetheless, the regulatory agency dismissed the lawsuit in February 2025, following the departure of the SEC’s former chairman, Gary Gensler, and the new regulatory approach. Under the pro-industry Trump administration, the Commission, led by acting chair Mark Uyeda, has dismissed multiple crypto litigations and investigations, including Gemini, Binance, Uniswap Labs, and Robinhood.

Similarly, Coinbase was sued in June 2023 by 10 US state regulators, including Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington, and Wisconsin.

The multi-state task force accused the crypto exchange of violating securities law by offering its staking rewards program. After the SEC’s case dismissal, three states have also dropped their lawsuits.

Crypto Legislation A Top Priority

In an X threat, the CLO stated that the Attorney General’s office “made it clear” that they are “literally picking up where the Gary Gensler SEC left off,” which he considers an “embarrassing waste of Oregon taxpayer dollars.” He also assured customers that Coinbase is prepared to fight as “Oregon’s lawsuit, like the SEC’s, is meritless.”

coinbase

Grewal asserted that the industry won the “war against crypto waged by the previous SEC and its allies,” as the regulatory agency “finally caught up with the reality that the vast majority of digital assets are not securities —and that there is widespread public support for this revolutionary technology.”

He added in the blog post that Oregon’s campaign does nothing to move the conversation forward. Instead, it takes two steps back from the recent progress and the “constructive policymaking happening in DC.”

Bipartisan momentum has never been stronger to pass comprehensive federal legislation for digital assets—legislation that would enable domestic crypto businesses to thrive while preventing rogue state governments from bringing politically motivated actions against crypto firms. Yet instead of waiting for Democrats and Republicans in Congress to enact clear rules of the road, Oregon has taken it upon itself to try to regulate a worldwide industry through enforcement.

Coinbase’s Chief Policy Officer (CPO), Faryar Shirzad, has previously called for clear crypto legislation to prevent “rogue attacks” on the industry, urging the US Congress to act now and unlock the industry’s potential in the US.

coinbase

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

‘A Lot of Room to Go’: Bill Miller IV Sees Bitcoin Still Early in Its Ascent

Bill Miller IV, chief investment officer at Miller Value Partners, told CNBC that cryptocurrency governance is rapidly evolving He added that bitcoin has once again crossed the six-figure threshold

Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap

With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 6-month roadmap on the flagship crypto’s journey to new all-time highs (ATHs) The analyst predicted BTC could rally to as

BlackRock Files For In-Kind Creation/Redemption For Ethereum Spot ETF – Details

American investment firm BlackRock has filed a proposal with the US Securities and Exchange Commission that will allow the in-kind creation and redemption of its iShares Ethereum Trust ETF (ETHA)

Tokenized Treasuries Near $7B as Investors Flood Digital Bonds With $390M in One Week

Based on the most recent data, tokenized US Treasury bonds continue their upward trajectory, notching a 6% gain since May 2, 2025 Tokenized Treasuries—$689B and Climbing Last Friday, May 2, the

XRP, PEPE Rebound Underway, But Cardano and This DeFi Token Look Stronger

The post XRP, PEPE Rebound Underway, But Cardano and This DeFi Token Look Stronger appeared first on Coinpedia Fintech News The crypto market pulses with activity as XRP tests key resistance levels,

Analysts Eye $0.025 MUTM as the Next Crypto to Explode — Is This the Best Crypto to Buy Now?

The post Analysts Eye $0025 MUTM as the Next Crypto to Explode — Is This the Best Crypto to Buy Now appeared first on Coinpedia Fintech News As investors scan the market for their next big move,