The Oregon attorney general has sued Coinbase, accusing it of violating state securities laws by illegally offering and selling assets designated as "crypto securities" to Oregon residents, a total of 31 tokens, far more than the number mentioned in previous SEC cases, including AAVE, UNI, LINK, MKR, FLOW, XRP, etc. The document claims that Coinbase has long avoided regulatory obligations and assisted in the sale of unregistered securities. The lawsuit is currently based on state law rather than...
The Attorney General of Oregon filed an enforcement action against Coinbase. Coinbase issued a statement saying that this lawsuit is as baseless as previous Securities Exchange Commission lawsuits, and Coinbase will do everything in its power to defeat it, but this lawsuit directly undermines the constructive policy making that is underway in Washington, D.C. In addition, Coinbase said that Coinbase customers in Oregon and elsewhere need not worry, and related business services will not be affec...