Coinbase has filed a lawsuit against Oregon State Governor Tina Kotek over an abrupt change in the state’s policy on the regulation of digital assets. This lawsuit comes as a response to Oregon’s initial suit accusing the American exchange of operating as an unregistered securities issuer and trading platform.
… why is Governor Kotek refusing to provide basic information about the case, including why the state suddenly flipped its views on crypto? Oregonians deserve to know why their government is keeping them in the dark — and why they’re pursuing a case that would deprive Oregonians (and only Oregonians) from trading crypto.
No one else has filed suit. It came after the federal government dismissed its case, and it is coming on the heels of bipartisan legislation; I can’t imagine a more illogical time for a state to peacock and insert itself when the federal government made it very clear it is their domain.
At press time, the total crypto market cap is valued at $3.63 trillion following a 2.44% increase in the past day.
