Coinbase has criticized crypto regulation in Oregon

The Oregon Attorney General today filed a securities enforcement lawsuit against cryptocurrency exchange Coinbase, using a regulatory doctrine that the SEC has officially abandoned. Coinbase Chief Legal Officer Paul Grewal issued a statement saying the move is "unfounded" and "undermines the constructive policy development that is underway in Washington, D.C." At a time when Congress is pushing for comprehensive federal legislation on digital assets, Coinbase has pledged to maintain normal operations in Oregon, saying it is "ready to respond to this lawsuit," vowing to "never stop standing up for customers and the industry."