Coinbase Challenges Oregon AG Lawsuit, Argues for Federal Crypto Regulation

Coinbase is fighting back against a securities lawsuit filed by the Oregon Attorney General, arguing that it rests on outdated legal theories similar to those used by the SEC. The company is calling for federal legislation to guide the crypto industry, emphasizing that state-level regulations hinder its growth. Coinbase’s defense aligns with broader calls for consistent regulatory frameworks at the federal level. Coinbase has previously been embroiled in legal disputes with the SEC, and this latest lawsuit underscores the need for clear, national policies regarding cryptocurrency.