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The Oregon Prosecutor (AG) has inserted XRP and 30 other cryptocurrencies as “unregistered securities” in her state’s complaint against Coinbase. The lawsuit follows the decision of the Securities and Stock Exchange Committee (SEC) to drop its case against the exchange of encryption, which led the personalities of industry and investors to call this step an illegal and “political defender”.
XRP, Sol and Ada called “Unregistered Securities”
The Oregon Prosecutor Dan Rivild submitted a complaint against Coinbase on April 18, claiming that the exchange of encryption in the United States had violated the Origon Securities Papers Law by facilitating the sale of cryptocurrencies that are not registered to the state’s residents.
The court document, which was submitted in the Multnomah Provincial Court, states that the exchange of encryption “has been conducted continuously, repeatedly and repeatedly the Orgon Securities Act, which is due to the responsibility of people. [s]Ell[] Or success successfully[] Selling security … in violation of the Origon Securities Law (ORS 59.115 (1) (A), as well as for the people who participate[] Or material help[] In sale (ORS 59.115 (3).
On Monday, Deputy Head of Organizational Affairs in the model, Justin Slier, High Oregon’s complaint is a “real lawsuit in the kitchen sink”, covering more distinctive symbols from the issue of the Securities and Stock Exchange Committee.
The lawsuit claims that the exchange of encryption was offered and sold 31 cryptocurrencies as investment contracts. The alleged “unregistered securities” menu includes AAVE, ADA, Algo, amp, APE, APE, AVAX, AXS, CHz, Comp, Dash, DDX, EOS, Fil, Flow, ICP, LCX, Link, MATIC, MIR, MKR, Neor, PowR, Rly, Sol, Soll, VGX, Wluna,
Excerpt from Oregon AG's complaint agaisnt Coinbase. Source: Justin Slaughter on X
Journalist and host of Podcast Eleanor Teret male The names of Riveld 18 cryptocurrencies more than SEC are originally called in its case, which included 13 symbols: Sol, ADA, MATIC, Fil, Sand, Axs, CHz, Flow, ICP, Lear, VGX, Dash, and Nexo.
For context, SEC sued Coinbase in June 2023, claiming that the platform was an unregistered securities exchange. The organizational agency argued that the stock exchange was working as an unregistered mediator and selling unregistered securities through its program. However, the lawsuit was rejected in February 2025.
Coinbase criticizes the Oregon suit AG
“Regardless of your assets or project,” Paul Ghrouwal, the chief legal official of Coinbase, has accused the public prosecutor in the state of Oregon “of securities laws and the transfer of owners of the distinguished symbol.
In his publication on Monday, he added that the stock exchange had reached about 560,000 of its users in Oregon’s “about the illegal action taken in their name.” Last week, Grewal described the lawsuit as “an embarrassing waste of taxpayer dollar in Oregon.”
Coinbase's CLO responds to Oregon AG's list of alleged unregistered securities. Source: Paul Grewal on X
Riveld argues that Coinbase sold high -risk investments without being examined properly to protect consumers, causing significant losses to Oregon. However, Grewal criticized the legal procedure, indicating that the lawsuit is paid politically after the complaint was deleted the main details.
Do not look further than Section 9, where 1) Delete the judge’s order to grant the appeal specified for the SECGOV case; 2) Any mention of Judge Torres’s decision is deleted in XRP; And 3) The seal of the private law firm, which was achieved from this lawsuit; 4) SEC Chairman is called as “encryption compression groups” and 5) reinforces the re -assignment of the main Gensler attorney in the Information Technology Department. Not completely accurate.
Coinbase’s Clo also stated that the Prosecutor’s Office “explained” they “literally pick up as Gary Gensler SEC”. Grewal considers that “Copycat Case” in Oregon AG has been trying to “revive” the regulatory approach to bending long ago, which has been brought down recently.
It is worth noting that the Supreme Education Council has been shown from its strategy “Organizing implementation” to oversee the sector under Trump’s friendly management. As part of its acting, the organizational agency has retreated to its own enforcement unit, closed or temporarily stopped in most of its main lawsuits, and established the encryption squad to supervise the establishment of a comprehensive organizational framework.
Total crypto market capitalization is at $2.8 trillion in the one-week chart. Source: TOTAL on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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