cyrpto action, Coinbase, Copycat, files, lawsuit, mirroring, Oregon, SEC Mark April 18, 2025 0 Comments

Oregon files ‘copycat’ lawsuit against Coinbase, mirroring SEC action

The attorney general of Oregon filed a complaint against Coinbase which echoes the trial of the dry from 2023.

The trial, as is the previous prosecution of the dry, alleges that the exchange of cryptocurrency worked as a platform of values according to in Coinbase.

This action at the level of the State comes shortly after the American Commission for Securities and Exchange rejected its federal pursuit for Coinbase in February 2025.

Today, the Attorner General of Oregon resuscitates the dead by providing a case of copy of @SecgovApplication of the law against Coinbase. As a reminder, the SEC rejected this case with prejudice. This type of political jockeying is an embarrassing waste of Oregon taxpayers…

– Paulgrewal.eth (@iampaulgrewal) April 18, 2025

The case of the dry, launched in June 2023, accused Coinbase to facilitate the trade of at least 13 cryptographic tokens considered as unregistered titles and operating an unregistered ignition program.

The dismissal brand A change in the federal regulatory approach under the Trump administration, which expressed its intentions to develop a more transparent and collaborative framework for digital assets.

A “copycat” trial

Coinbase legal director, Paul Grewal, critical The Oregon trial as a “copy” of the previous action of the dry, claiming that it recycles the arguments that the federal agency has already abandoned.

Grewal stressed that such actions at the state level could hinder bipartite efforts in the Congress to establish complete federal legislation for digital assets.

The dry previous dismissal From his case against Coinbase was part of a broader reassessment of his application strategies concerning cryptocurrencies.

The acting president of the SEC, Mark Uyeda, announced the formation of a cryptographic working group aimed at developing clear regulatory directives, moving away from the approach centered on the application of the previous administration.

Despite the federal change, the Oregon trial highlights the complexity of cryptographic regulations in the United States, where States and federal jurisdictions can diverge. Coinbase is committed to vigorously contesting the trial, arguing that its operations respect existing laws and that the majority of digital assets should not be classified as titles.