Oh, joy! Just when you thought the drama around crypto was chilling like a vegan at a barbecue, Coinbase is staring down the barrel of yet another legal slow dance. This time, Oregon’s Attorney General is dusting off the same tired, wheezy theories that even the SEC looked at and said, “Nah, we’re good,” before ghosting the case.
Coinbase vs. Oregon: The Sequel No One Asked For
In the spirit of “Let’s bring back dead ideas because why not,” Coinbase calls this lawsuit an epic resurrection of arguments that belong in a museum, right next to floppy disks and dial-up internet. Apparently, Oregon’s playing catch-up with the rest of us, ignoring tech progress, public opinion, and—maybe most importantly—common sense. Coinbase promises to fight like a cat in a bath while keeping the crypto party going in Oregon.
Oh, and the fun doesn’t stop there. Coinbase says Oregon’s stunt is basically throwing a wrench in D.C.’s bipartisan, “Hey-let’s-make-some-sense” crypto legislation vibe. They want clear rules so crypto businesses can thrive without worrying about rogue state drama queens. Because who needs that?
Paul Grewal, Coinbase’s Chief Legal Officer, took to X to charmingly call Oregon’s lawsuit “backward,” which is a polite way of saying it’s about as useful as a solar-powered flashlight. According to him, this lawsuit is the opposite of what America should be doing right now—unless America is auditioning for the next season of ‘Legal Battles: Eternal Edition.’
Today the Oregon Attorney General is resurrecting the dead by bringing a copycat case of @SECGov’s enforcement action against Coinbase. As a reminder, the SEC dismissed that case with prejudice. This type of political jockeying is an embarrassing waste of Oregon taxpayer…
— paulgrewal.eth (@iampaulgrewal) April 18, 2025
Coinbase’s blog paints Oregon’s move as a desperate attempt to take crypto two steps back and wear out everyone’s patience. Their suggestion? Chill out, Congress is on the case. Don’t go running around trying to regulate a global tech beast with a kiddie pool and a sieve.
Grewal also pointed out that Oregon is just picking up the baton dropped by the Gary Gensler SEC squad. Talk about recycling bad ideas! And this lawsuit conveniently lands right after Coinbase handed over a shiny new roadmap for regulating crypto in March. Timing, darling, timing.
Nothing to See Here, Just Business As Usual
Despite this fresh lawsuit plot twist, Coinbase is calm, cool, and carrying on. Oregon customers can keep sleeping soundly knowing their crypto hamster wheels keep turning. They’re calling the lawsuit what it really is: meritless political theatre.
Coinbase also cheekily notes that the SEC, once crypto’s biggest frenemy, is now basically saying, “Most digital assets? Not securities. Sorry not sorry.” So yes, the SEC has dropped some of its drama in cases against crypto companies, including Coinbase — and even hit pause on the infamous Ripple case while they brainstorm peace talks.
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2025-04-18 20:03