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Oregon’s Attorney General picks up where the SEC left off, suing 
Coinbase for alleged securities violations months after federal charges were dropped.
What’s the Scoop?
- State-Level Action: Oregon Attorney General Dan Rayfield filed a securities enforcement lawsuit against Coinbase, accusing it of operating as an unregistered broker and exchange.
- Echoing Federal Charges: The lawsuit mirrors previously dropped SEC charges, which alleged Coinbase’s staking program wasn’t properly registered.
- Focus Shifting to States: With the SEC softening its stance recently, state officials are stepping in to address crypto regulation gaps.
