- Coinbase faces a new legal case from Oregon after federal regulators dropped similar claims.
- The company says Oregon uses old arguments that ignore new crypto laws and public opinion.
- Coinbase will keep running in Oregon while fighting the case using legal and regulatory steps.
Crypto exchange Coinbase is facing a new legal challenge from the Oregon Attorney General’s office. The state plans to file a securities enforcement action against the company. This move comes months after federal regulators dropped a similar case against Coinbase.
Coinbase disclosed the legal threat in a recent blog post. The exchange claims Oregon is recycling arguments already rejected by federal authorities. These include legal theories the Securities and Exchange Commission (SEC) previously dismissed with prejudice.
Company Pushes Back on Allegations
Coinbase has criticized Oregon’s legal approach as outdated and inconsistent with recent developments. The company says the state’s arguments ignore both public sentiment and changes in technology. Coinbase emphasized that it will continue normal operations in Oregon throughout the legal proceedings.
The company believes the lawsuit conflicts with current bipartisan efforts in Congress. Lawmakers are working to establish clear national rules for cryptocurrencies. Coinbase argues that state-level enforcement like Oregon’s only adds confusion and slows progress.
Federal Momentum Contrasts with State Action
Coinbase has previously advocated for federal crypto legislation. In March, the company published a proposed regulatory framework. It believes the federal government is the right authority to regulate digital assets.
Recent developments support Coinbase’s stance. The SEC has dropped several cases against crypto firms that did not involve fraud. Courts have also paused key cases, including one involving Ripple, as regulators and companies work toward agreements.
Concerns Over Political Motives
Coinbase raised concerns about the political nature of Oregon’s actions. It alleges the Attorney General’s office is continuing efforts started by previous federal leadership. The company claims these actions resemble earlier strategies used by the SEC under former leadership.
According to Coinbase, the majority of digital assets are not securities. The company argues that Oregon’s enforcement is an attempt to regulate the industry through litigation, not legislation.
Ongoing Operations Assured
Despite the legal pressure, Coinbase has confirmed it will maintain full operations in Oregon. The exchange assures customers that services will not be affected. It plans to defend its position using both legal and regulatory channels.
Coinbase believes the Oregon case lacks merit. The exchange remains confident in its compliance with existing laws. It views the lawsuit as a step backward in a sector seeking clarity and innovation through national frameworks.
