The post Coinbase Battles Oregon Over Unregistered Securities Lawsuit appeared on BitcoinEthereumNews.com.

Coinbase fights Oregon’s 31 unregistered token complaint. The company seeks federal court handle the securities law dispute. Oregon’s claims include XRP, Solana, and other major tokens. Coinbase is fighting a lawsuit filed by Oregon’s Attorney General, stating the cryptocurrency exchange broke state securities laws by letting traders buy 31 tokens, among them XRP, without registration. The company wants to have the case handled in federal court, arguing that the issues are about federal law. Coinbase Seeks Federal Court Jurisdiction Coinbase argues that Oregon’s case raises questions about how federal law defines an investment contract. Paul Grewal, the Chief Legal Officer of Coinbase, said at X that the case should be heard by federal courts since it has national significance. The company feels that the Oregon claims go beyond what the state can legally do and contradict federal securities laws. Multnomah County Circuit Court is suing Coinbase, accusing the company of offering XRP, Solana, and UNI without obtaining the legally required registrations. Attorney General Rayfield claims these tokens satisfy the requirements for securities, which can harm consumers. Coinbase explains that the state’s actions could lead to different rules for crypto in every state. Coinbase warned about 560,000 Oregon customers about the lawsuit, stating that it was an illegal overstep. In their argument, the company mentioned a previous Securities and Exchange Commission (SEC) case that was closed because of no merit. The exchange wishes for one national policy to regulate cryptocurrency. Regulatory Tensions Escalate The number of tokens included in Oregon’s lawsuit, which is 31, is higher than the 13 tokens the SEC named in their own case against Coinbase. The list of popular tokens in the state comprises AAVE, FLOW, and LINK. The legal team at Coinbase says that Oregon went against a decision by Judge Analisa Torres, which stated that…

---

Filed under: News - @ June 4, 2025 6:23 am