Coinbase Braces for Legal Battle as Oregon AG Files Lawsuit

Coinbase, one of the largest cryptocurrency exchanges in the U.S., is preparing for a potential legal confrontation following a lawsuit filed by the Oregon Attorney General. The exchange’s Chief Legal Officer, Paul Grewal, has signaled readiness to challenge what he describes as a ’misguided’ legal action, underscoring the ongoing regulatory tensions in the crypto industry.

Coinbase Faces Legal Hurdle in Oregon Lawsuit

The crypto market space remains unpredictable, with Coinbase potentially facing legal enforcement despite a recent positive shift in U.S. regulatory disposition towards crypto assets. Paul Grewal, Coinbase’s Chief Legal Officer (CLO), hinted at a possible legal showdown against any misguided lawsuit filed against the exchange. Notably, Grewal’s comments follow a lawsuit filed by the Oregon Attorney General, which he described as “resurrecting the dead.”

Trump Coin News Today: TRUMP Token Price Crashes 90%

The TRUMP token price has crashed 90% following the unlock of $300 million worth of tokens. This event is fueling concerns that the Trump family trust, which holds a significant portion of the coin, may soon liquidate its holdings, potentially deepening the coin’s decline. On April 17, 40 million Trump digital tokens were released from lock-up restrictions and are now eligible for sale on major platforms like Coinbase, Robinhood, or decentralized exchanges. Among the beneficiaries is CIC Digital LLC, a firm tied to the Trump Organization and controlled by the Donald J. Trump Revocable Trust.