News
  • ๏ปฟAnjali Belgaumkar
    author-profile
    ๏ปฟAnjali Belgaumkar right arrow
    Author

    Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto โ€œEnthusiastโ€ but trust me I'm getting there.

    • author twitter
    • linkedin
  • Reviewed by: Qadir AK
    author profile
    Qadir AK right arrow
    Reviewed

    Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

    • author facebook
    • author twitter
    • author linkedin
  • 2 minutes read

Crypto News Today: Coinbase Clashes with Oregon Over Crypto Rules

Story Highlights
  • Coinbase Fights Oregon Lawsuit: Coinbase argues that Oregon's crypto case should be heard in federal court, citing national regulatory concerns.

  • Crypto Regulation Battle: The lawsuit could influence how digital assets are classified and regulated across the U.S., setting a major precedent.

Coinbase is fighting back against a lawsuit from the state of Oregon, arguing that the case should be handled in federal court and not at the state level. The crypto exchange says the case deals with national issues that could affect how digital assets are regulated across the U.S.

Paul Grewal, Coinbaseโ€™s Chief Legal Officer, explained the companyโ€™s stance on X (formerly Twitter), saying, โ€œFederal issues belong in federal court.โ€

He accused Oregon of trying to sidestep broader federal decisions about crypto by keeping the case in a state court. โ€œThis would be a huge step backward that only hurts consumers,โ€ he added.

Why Is Oregon Suing Coinbase?

Earlier this year, Oregon Attorney General Ellen Rosenblum sued Coinbase, claiming it broke state laws by offering unregistered securities to Oregon residents. This move is part of a wider effort by some U.S. states to take the lead on crypto regulation as they feel the federal government hasnโ€™t done enough.

But Coinbase says Oregon is overstepping. The company argues that this lawsuit challenges national standards on how digital assets are treated, especially regarding whether they count as securities under federal law.

Coinbaseโ€™s Federal Role at Risk

Coinbase also said that it helps the U.S. Marshals Service manage seized crypto assets, and that Oregonโ€™s lawsuit could make it harder for the government to rely on Coinbase for those services. โ€œIf every state did this, the U.S. Marshals wouldnโ€™t have a reliable national platform,โ€ the company said.

Bigger Picture: Federal Shift Underway

Coinbaseโ€™s argument is backed by recent federal moves to clarify crypto rules. Earlier this year, the SEC dropped its own lawsuit against Coinbase and announced plans for clearer guidelines. Meanwhile, Congress is working on new legislation that could finally define how digital assets are handled across the country.

For now, the court hasnโ€™t decided whether Oregonโ€™s case will stay in state court or be moved to federal court. But the outcome could shape how crypto regulation works in the U.S. for years to come.

Never Miss a Beat in the Crypto World!

Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQs

What is Oregon’s Attorney General suing Coinbase for?

Oregon’s Attorney General sued Coinbase, alleging it violated state laws by offering unregistered securities to Oregon residents, part of a broader state effort to regulate crypto.

How could this lawsuit impact Coinbase’s federal role?

Coinbase claims the lawsuit could hinder its ability to help the U.S. Marshals Service manage seized crypto, disrupting a reliable national platform.

What is the significance of the Oregon vs. Coinbase lawsuit?

The outcome of the Oregon vs. Coinbase lawsuit could significantly influence the future of crypto regulation in the U.S., shaping state versus federal authority.

Show More

Related Articles

Back to top button