The post Coinbase Faces Off Against Oregon in Major Crypto Securities Lawsuit appeared on BitcoinEthereumNews.com.

Oregon AG targets Coinbase for unregistered securities sales.  The case mirrors the SEC lawsuit dismissed in February 2025. Dan Rayfield, Oregon’s attorney general, brought suit against Coinbase, a cryptocurrency exchange, claiming breaches of the state’s securities laws.Coinbase is alleged to have breached established regulatory standards by permitting people from Oregon to trade unlicensed digital assets, as outlined in the case’s accusations. Multnomah County Circuit Court became the venue where Coinbase faced their lawsuit that accused them of allowing unsafe investments through their platform without proper consumer safeguards. A state legal case cites the Internet Computer Protocol (ICP) cryptocurrency as an example since it fell dramatically from $700 to around $7 per token after Coinbase added it to its exchange. The lawsuit uses the 99% price reduction of the assets to prove that Coinbase enables trading of unregistered securities. As the top U.S. cryptocurrency exchange, Coinbase maintains control over token additions and executes trades while promoting digital assets to its users. According to Oregon’s legal argument, these exchange activities require unregistered securities that generate potential risks through fraudulent market manipulation techniques, including pump-and-dump schemes. Lawsuits against Coinbase began in February 2025 when the US Securities and Exchange Commission (SEC) withdrew its rival case. Even before this denial of service, the SEC had charged Coinbase with permitting the trade of thirteen tokens that it claimed ought to have been classified as securities. The Oregon state lawsuit claims Coinbase users faced dangerous market volatility because the exchange did not provide required disclosures to its customers. The state wants Coinbase to pay financial compensation to investors while pushing for stronger consumer protection standards. Coinbase Rejects Oregon’s Claims Paul Grewal, chief legal officer of Coinbase, responded to the lawsuit brought by the state of Oregon by saying that the legal challenge was just a rehash…

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Filed under: News - @ April 20, 2025 7:19 am