XRP Classified as Unregistered Security in Lawsuit Against Coinbase

Oregon Attorney General Dan Rayfield filed a lawsuit against cryptocurrency exchange Coinbase, naming XRP as an unregistered security alongside other cryptocurrencies. Paradigm’s VP of regulatory affairs, Justin Slaughter, highlighted this development. Coinbase argues the lawsuit is aimed at reviving regulation through enforcement, claiming the Oregon AG is ignoring reality and that the case lacks merit. 🤯 Despite existing regulatory clarity surrounding XRP, this classification arises from a recent lawsuit filed by Oregon Attorney General Dan Rayfield against Coinbase.