Oregon AG Lawsuit Against Coinbase: XRP and SOL Labeled as ’Crypto Securities’

The Oregon Attorney General has filed a lawsuit against Coinbase, alleging that 31 tokens, including XRP and SOL, are unregistered ’crypto securities.’ This development comes amid ongoing legal debates surrounding the classification of digital assets, with Coinbase’s Chief Legal Officer Paul Grewal dismissing the complaint for overlooking a key judicial decision on XRP. Paradigm’s Justin Slaughter highlighted the broader scope of this lawsuit compared to previous SEC actions.

Oregon AG Claims XRP and SOL are ’Crypto Securities’ in Coinbase Lawsuit

The Oregon Attorney General has filed a lawsuit against Coinbase, claiming that Ripple’s XRP and Solana’s SOL, among 29 other tokens, are unregistered ’crypto securities.’ Paul Grewal dismissed the complaint for omitting Judge Torres’ decision on XRP. Justin Slaughter, of Paradigm, noted that the Oregon AG suit covers more tokens than the dismissed SEC case against Coinbase.

Oregon AG Lawsuit Against Coinbase Lists 31 Cryptocurrencies as Unregistered Securities

Oregon’s Attorney General has filed a lawsuit against Coinbase, alleging that the crypto exchange violated Oregon securities law by facilitating the sale of unregistered cryptocurrencies, including XRP, SOL, and ADA, to state residents. The move follows the SEC’s decision to drop its case against Coinbase, which has sparked debate in the industry.