{"id":842030,"date":"2025-04-19T09:11:55","date_gmt":"2025-04-19T14:11:55","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/19\/oregons-attorney-general-revives-gary-genslers-case-against-coinbase-what-next\/"},"modified":"2025-04-19T09:11:55","modified_gmt":"2025-04-19T14:11:55","slug":"oregons-attorney-general-revives-gary-genslers-case-against-coinbase-what-next","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/04\/19\/oregons-attorney-general-revives-gary-genslers-case-against-coinbase-what-next\/","title":{"rendered":"Oregon\u2019s Attorney General Revives Gary Gensler\u2019s Case Against Coinbase: What Next?"},"content":{"rendered":"
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In a surprising twist of events, Oregon Attorney General Dan Rayfield, who is affiliated with the Democratic Party, filed a securities enforcement action against Coinbase Global Inc. (NASDAQ: COIN) on Friday, April 18. Rayfield will be picking up from where former SEC Chair Gary Gensler<\/a> left in asserting that Coinbase has over the years operated an unregistered securities exchange and a broker-dealer.<\/p>\n

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\u201cIn case you think I\u2019m jumping to conclusions, the AG\u2019s office made it clear to us that they are literally picking up where the Gary Gensler SEC left off. Seriously,\u201d Paul Grewal, the Chief Legal Officer at Coinbase, noted<\/a>.<\/p>\n<\/blockquote>\n

Grewal pointed out that the lawsuit may hamper efforts by bipartisan lawmakers to pass comprehensive federal legislation for digital assets.\u00a0<\/p>\n

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\u201cOregon\u2019s holdout campaign is obstruction for the sake of obstruction. It is a desperate scheme that does nothing to move the crypto conversation forward, and in fact takes us a giant leap backward from hard-won progress,\u201d Grewal added.<\/p>\n<\/blockquote>\n

Impact of the Revived Coinbase Lawsuit\u00a0<\/h2>\n

As Coinpedia reported<\/a>, the U.S. SEC, under the Donald Trump administration, dismissed the Coinbase case with prejudice, meaning the case was permanently closed and cannot be brought back to the court. However, Oregon\u2019s AG case against Coinbase changes the dynamics amid the ongoing global trade war<\/p>\n

The announcement did not negatively impact Coinbase services or its stock market on Friday. Moreover, the mainstream confidence in Coinbase has significantly grown in the recent past, with the anticipated crypto regulatory framework ahead.<\/p>\n

Meanwhile, Coinbase announced that it will do whatever is required to beat the case against Oregon\u2019s AG.<\/p>\n

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In a surprising twist of events, Oregon Attorney General Dan Rayfield, who is affiliated with the Democratic Party, filed a securities enforcement action against Coinbase Global Inc. (NASDAQ: COIN) on Friday, April 18. Rayfield will be picking up from where former SEC Chair Gary Gensler left in asserting that Coinbase has over the years operated<\/p>\n","protected":false},"author":1,"featured_media":842031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3469,35745],"tags":[],"class_list":["post-842030","post","type-post","status-publish","format-standard","has-post-thumbnail","category-attorney","category-oregons"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=842030"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/842030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/842031"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=842030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=842030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=842030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}