Coinbase Faces New Lawsuit from Oregon Attorney General Amidst SEC Regulatory Actions

Coinbase is in the crosshairs of a new lawsuit filed by the Oregon State Attorney General’s Office. This action follows the recent departure of Gary Gensler as head of the Securities and Exchange Commission (SEC), which has been systematically dismissing lawsuits against cryptocurrency platforms. While the SEC has been taking steps to address this issue, Coinbase argues that this legal action is attempting to revive a previously abandoned regulatory regime. Coinbase emphasizes their belief in their legal standing and claims that this lawsuit represents an attempt to re-ignite past enforcement efforts.