Oregon Revives Lawsuit Against Coinbase That Trump’s DOJ Killed

Oregon’s Attorney General is planning to file a lawsuit against cryptocurrency exchange Coinbase. That is according to the company’s chief legal officer, Paul Grewal, who wrote in a post on X that the state is “resurrecting the dead” by filing a case similar to the one dropped by the U.S. Department of Justice under President Trump. “Today the Oregon Attorney General is resurrecting the dead by bringing a copycat case of @SECGov‘s enforcement action against Coinbase,” Grewal wrote. “As a reminder, the SEC dismissed that case with prejudice. This type of political jockeying is an embarrassing waste of Oregon taxpayer dollars.” The case alleges that Coinbase is selling unregistered securities to residents of the state, and comes the same day as one of its employees, Jesse Powell, has been under fire for a provocative post that implied new cryptocurrency tokens can be used for facilitating sex trafficking. Powell runs Base, an Ethereum-based blockchain that allows developers to create c ... Read full article.