Oregon Attorney General Sues Coinbase, Claims XRP Among Other Cryptos Are Unregistered Securities
Salem, Oregon – In a significant move signaling increased state-level scrutiny of cryptocurrency operations, Oregon’s Attorney General Dan Rayfield has initiated a lawsuit against the major crypto exchange Coinbase, alleging that the platform has been trading digital assets that are effectively unregistered securities. This lawsuit was filed over concerns that such practices violate Oregon’s securities laws. The legal action highlights a proactive stance taken by state authorities amid what is perceived as a lessened federal focus during the previous administration. The Oregon Department of Justice, announcing the lawsuit on April 18, indicated it as a … Read more