Coinbase Faces New Legal Action Over Crypto Classification, Says Oregon AG

Oregon’s Attorney General, Dan Rayfield, has initiated a securities enforcement case against Coinbase Global Inc., challenging the company’s stance on the classification of crypto assets as digital commodities. This legal action echoes previous SEC claims and comes after Coinbase argued that these assets should be categorized as digital commodities, not securities. The move by Oregon AG creates uncertainty in the regulatory landscape for cryptocurrency platforms.