Following a recent withdrawal of federal charges against cryptocurrency exchange Coinbase, the state of Oregon has filed its own lawsuit accusing the company of violating securities laws. Attorney General Dan Rayfield’s complaint asserts that Coinbase failed to properly assess risks associated with digital assets and allowed their sale without registration, leaving Oregon investors vulnerable. The lawsuit highlights what the Attorney General views as a significant regulatory gap. 2023 saw Oregon’s legal battle commence, following the U.S. Securities and Exchange Commission (SEC) dismissing its own case against Coinbase, which itself followed prior rulings in favor of Coinbase from the U.S. District Court for the Southern District of New York.