Crypto Exchange Coinbase revealed that the Attorney General of Oregon planned to submit a legal action similar to the rejected case of the Securities and Exchange Commission (SEC). According to the exchange, Oregon is trying to relaunch the “application by application” approach to the American regulator.
Coinbase to deal with a new trial in Oregon
Friday, the legal director of Coinbase, Paul Grewal, shared that the Attorney General of Oregon will take action in terms of the application of securities against the Crypto Exchange on April 18.
According to the blog post, “the Copycat case” of the Attorney General “affirms the same outdated theories, refuted several times that the SEC has rightly disowned (with prejudice) when it rejected her file against Coinbase.”
Grewal criticized the decision of the Attorney General of Oregon, declaring: “These arguments of the hand are years and challenge public opinion, technological progress and good governance.”
For the context, the SEC continued the exchange of crypto in 2023, alleging that the platform was an exchange of secure securities. The Commission argued that Coinbase operated as an unregistered broker and illegally sold unregistered titles thanks to its implementation program.
However, the regulatory agency rejected the trial in February 2025, after the departure of the former SEC president, Gary Gensler, and the new regulatory approach. As part of the Pro-Industry Trump administration, the Commission, managed by acting president Mark Uyeda, rejected several litigation and cryptographic surveys, notably Gemini, Binance, Uniswap Labs and Robinhood.
Similarly, Coinbase was continued in June 2023 by 10 American state regulators, including Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Carolina, Vermont, Washington and Wisconsin.
The multi-state working group accused the exchange of crypto of having violated the securities law by offering its staging award program. After the dismissal of the dry affair, three states also abandoned their prosecution.
Cryptographic legislation an absolute priority
In a threat X, the CLO said that the prosecutor’s office had “clearly indicated” that they “literally resume where the Gary Gensler dry had stopped”, which he considers “embarrassing dollars of Oregon taxpayers”. He also assured customers that Coinbase is ready to fight like “the Oregon trial, like the dry, is without merit”.
Coinbase's CLO criticizes Oregon's Attorney General. Source: Paul Grewal on X
Grewal said that the industry won the “war against the crypto led by the previous dry and its allies”, because the regulatory agency “has finally caught up the reality that the vast majority of digital assets are not titles – and that there is a general public support for this revolutionary technology”.
He added in the blog post that the Oregon campaign does nothing to advance the conversation. Instead, he is two steps away from recent progress and “the creation of constructive policies at DC”.
Bipartite impetus has never been stronger to adopt complete federal legislation for digital assets – legislation that would allow national crypto companies to prosper while preventing governments of states of thugs to obtain actions with political motivation against cryptographic companies. However, instead of waiting for Democrats and Republicans to Congress to adopt clear road rules, Oregon has taken on itself to try to regulate a global industry through application.
The director of Coinbase Chief Policy (CPO), Faryar Shirzad, previously called for clear cryptography legislation to prevent “thugs attacks” against industry, urging the US Congress to act now and unlock industry potential in the United States.
Total crypto market capitalization is at $2.63 trillion in the one-week chart. Source: TOTAL on TradingView
Star image of Unsplash.com, tradingView.com graphic
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