Ripple Lawsuit Hits Coinbase, Sparks Controversy Over Cryptocurrency Securities

In a fresh legal challenge for Ripple and its XRP token, the Oregon Attorney General’s office has initiated a lawsuit against Coinbase, alleging the platform offered and sold crypto assets like XRP as investment contracts. Legal experts, including Bill Morgan, are critical of this action, citing similar SEC rulings and pointing to past decisions by Coinbase after delisting XRP from its platform in 2020.