- Oregon AG revives the securities case against Coinbase, which echoes previous Sec claims.
- Coinbase says that trial undermines two -party efforts for clear crypto lactors.
- Change promises to strike back, call Oregon’s movement outdated and politically.
Oregon national lawyer Dan Rayfield has submitted an enforcement measure against Cinbase Global Inc. (Nasdaq: Coin).
Coinbase, one of the leading Cryptocurrency exchange in the United States, has long claimed that crypto assets are digital goods, not securities. That perspective has tended to harmonize with the latest efforts at the federal level of the Trump administration. Which has collaborated with Congress to develop two -party, uncomplicated crypt legislation.
US Securities and Exchange Commission (SEC), under the direction of Paul Atkins. Who had already rejected the Coinbase case with prejudice a legal expression which means that the case was permanently closed.
Yet the national lawyer Rayfield’s action is suddenly on the face. In a statement to Coinbase’s Chief Legal Officer Paul Grewal, Oregon AG’s office. Who told them that they “literally pick up where Gary Gensler Sec ended”, and names the former SEC chairman. Who took an aggressive attitude to police crunch platforms.
Coinbase -reaction:
Coinbase reacted Quickly and vigorously to the news and calls the trial a “desperate schedule” and a “resurrection of dead arguments.” In a long blog post and public comments about X Post, Oregon attacked as politically motivated. And harmful to the progress that had been made to establish a uniform federal regulatory structure.
“Oregon’s Holdout campaign is an obstacle to the sake of the obstacle,” Grewal said. “It sends us a gigantic step backwards from hard -won progress.”
The company emphasized that such state level moods are at risk of undermining federal efforts to significantly impose broad rules for the Cryptocurrency sector. As the two -partyness remains actively in Congress, Coinbase warned that unpredictable compliance with individual states will harm both innovation and investors’ confidence.
Coinbase, which published a detailed crypto regulatory roadmap in March. Which is confirmed to work with legislators and stay in compliance. But it made it clear that it will aggressively strike back against what it perceives as outdated and inconsistent regulatory overreaction.
Federal vs. State:
The Oregon atmosphere sets the increasing tension between federal and state jurisdictions regarding the regulation of digital assets in strong focus. Although Congress seems closer than ever to provide coherent rules. Oregon’s one -sided legal movement indicates that all parties are not willing to wait.
Coinbase made it clear that the road forward must be thought provoking, federal lawn not sometimes enforcement that differs after the state. Whether Oregon’s Move inspires other states to follow or act as a warning remains to be seen.
The reimbursed Oregon atmosphere sets a further layer of complexity on an already increased regulatory environment for crypto companies in the United States when the debate is raging, the result can have far-reaching consequences for Coinbase and the digital asset industry as a whole in America.
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