USA: Coinbase faces new demand in Oregon for sale of unregistered cryptoactives

The Oregon Prosecutor’s Office accuses Coinbase of selling unregistered cryptoactives and puts pressure after the withdrawal of federal charges. The accusations come to place just after the Sec He withdrew the charges against the Exchange.

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• State of Oregon begins legal action after the withdrawal of the federal case of the Sec.
• State Prosecutor accuses Coinbase to promote fraudulent schemes.
• Coinbase responds with criticism of what calls a “Desperate obstruction.”

The regulatory war against Coinbase Continue. This time, from the state level.

Oregon Attorney General Dan Rayfield, presented a new values ​​execution action against the Exchange. Demand claims that Coinbase He sold unregistered cryptocurrencies to state residents, under circumstances that put consumers at risk of fraud, according to a report published by The Block.

This case revives similar accusations previously made by the United States Stock Exchange and Securities Commission (SEC)which withdrew his demand in February this year.

Of the Sec To the states: the legal battle continues

In 2023, the Sec He presented charges against Coinbase, alleging that it operated as a runner, stock market and compensation agency. In addition, the company’s Staking Program was questioned for not complying with the relevant regulations. Under the administration of Biden, and led by Gary Gensler, the agency maintained a strict position towards cryptocurrencies, considering that most were values.

However, since the arrival of Donald Trump to the Presidency, the Commission has modified its approach. In recent months, he left investigations against companies such as Onsaea, Kraken, Consensys and Unisswap, which suggests a federal decala in the regulatory offensive.

Rayfield expressed his disagreement with this withdrawal: “Now it depends on the states to fill the compliance vacuum left by federal regulators who are giving up,” declared in an official statement.

The new judicial process argues that Coinbase “He encouraged and helped the sale of cryptocurrencies not registered to people in Oregon.” In addition, he states that the assets offered were exposed to Pump and Dump type schemes, as well as other forms of fraud.

“After generating confidence with Oregon consumers, Coinbase sold high -risk investments without due verification to protect consumers,” Rayfield said, stressing that citizens of the state lost money as a result.

Legal action seeks that the platform be forced to take measures to strengthen user protection and assume responsibility for the losses caused.

Coinbase political motivations defends and alleges

Paul Grewal, legal director of Coinbase, He responded with forcefulness in a blog post published today. Described Oregon’s demand as a “Obstruction for simple obstruction” And he looked “Desperate plan” which damages legislative progress on cryptocurrencies in the US.

According to Grewal, legislators in Washington are progressing quickly towards a federal regulatory framework for digital assets, including bills on stable currencies, with bipartisan support in both chance chambers.

“The bipartisan impulse has never been so strong to approve comprehensive federal legislation on digital assets”he said. “However, instead of waiting for clear norms to promulgate, Oregon tries to regulate a global industry through the application of the law.”

A key moment for crypto regulation in the US.

Meanwhile, it is expected that the Congress Achieve concrete advances in regulatory issues before August, as President Trump said. This legislation would allow companies such as Coinbase Operate with clear rules, reducing legal uncertainty.

The tension between state initiatives and federal discussions shows the current regulatory vacuum. The industry, meanwhile, observes with concern how states begin to take independent actions in the absence of a robust national law.

As the debate on the regulation of cryptoactive in the United States intensifies, cases such as Oregon against Coinbase They could mark a precedent on the role that state governments will play in the future of cryptocurrencies.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of Unspash

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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