Oregon’s Attorney General, Dan Rayfield, has filed a lawsuit against Coinbase alleging that the exchange offered unregistered securities, specifically targeting XRP sales. This action comes despite previous federal court rulings that have clarified XRP is not considered a security under U.S. law. Oregon’s legal basis faces further challenges as their claims contradict prior SEC actions and create regulatory uncertainty for crypto firms. Coinbase has removed XRP from its platform in 2020 due to the SEC lawsuit against Ripple, only reinstating it after Judge Analisa Torres’ ruling clarified XRP’s legal status. The move undermines Oregon’s complaints. Legal experts warn that these state-level actions may create confusion and conflict with federal decisions. Bill Morgan, an XRP advocate, has condemned the lawsuit as outdated and ignoring established court decisions. His comments reflect broader concerns about inconsistent legal frameworks in the cryptocurrency space.