Coinbase Hits Back at Oregon Over Sudden Crypto Policy Shift
2025-07-11 15:35:56
Main Idea
Coinbase is suing Oregon's Governor and Attorney General for abruptly changing their stance on cryptocurrency regulations without public input, using arguments similar to those previously dropped by the SEC.
Key Points
1. Coinbase accuses Oregon Governor Tina Kotek and Attorney General Dan Rayfield of suddenly altering their regulatory stance without public hearings or input.
2. Paul Grewal, Coinbase's CLO, stated that Oregon's lawsuit is meritless and mirrors outdated arguments the SEC no longer uses.
3. Oregon's lawsuit claims Coinbase illegally sold unregistered crypto to state residents, despite the federal government dropping similar charges.
4. Coinbase argues that Oregon's lawsuit benefits out-of-state law firms, which could take 20-30% of any settlement.
5. The company emphasizes the need for clear and fair crypto regulations, highlighting pending bills like the Clarity Act and GENIUS Act aimed at improving transparency.
Description
The post Coinbase Hits Back at Oregon Over Sudden Crypto Policy Shift appeared first on Coinpedia Fintech News Coinbase, the biggest cryptocurrency exchange in the U.S., is taking Oregon state officials to court, claiming they quietly changed their stance on digital assets. Coinbase Demands Transparency After State’s Abrupt Legal Action The Washington Times reports that Coinbase has filed a lawsuit accusing Governor Tina Kotek and Attorney General Dan Rayfield of suddenly changing their stance o...
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