Oregon AG Sues Coinbase for Alleged Role in Crypto Scams

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  • Oregon AG Dan Rayfield has filed a lawsuit against cryptocurrency trading platform Coinbase, alleging that the company failed to protect consumers from unregistered and high-risk cryptocurrencies in violation of Oregon Securities Law.
  • The complaint claims that Coinbase operates an exchange that facilitates and promotes the sale of unregistered securities to consumers, which the AG alleges hinders investors’ ability to perform due diligence on the securities.
  • The AG’s office emphasized Oregon’s continued enforcement role in the wake of the SEC’s decision to drop its case against Coinbase.
  • As previously reported, other AGs have taken action in the crypto space, including the Iowa AG’s lawsuit against cryptocurrency ATM operators, the New York AG’s settlement with Gemini Trust Company, LLC, and the Massachusetts AG’s settlement with payment processor Stripe, Inc.
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