Oregon AG lawsuit against Coinbase calls XRP unregistered security

Oregon Attorney General Dan Rayfield sued Coinbase, alleging it offered XRP and 30 other crypto tokens as unregistered securities in violation of state law.

Oregon Attorney General Dan Rayfield’s lawsuit against Coinbase argues that XRP and other digital assets are unregistered securities.

Rayield sued US-based, publicly traded crypto exchange Coinbase for allegedly violating Oregon’s securities law. In an April 18 announcement, the Oregon Department of Justice said the suit was part of an effort to fill what it described as a regulatory vacuum left by federal agencies under the Trump administration:

“States must fill enforcement vacuum being left by federal regulators who are abandoning these cases under Trump administration,“ the department said.

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