Coinbase Challenges Oregon Lawsuit in Push for Federal Jurisdiction

Coinbase is seeking to transfer Oregon’s lawsuit, which accuses the exchange of selling unregistered securities, to federal court. The company argues that the state’s legal action interferes with ongoing federal efforts to establish clear regulations for digital assets. In its filing, Coinbase criticized Oregon Attorney General Dan Rayfield for overreach, describing the lawsuit as a "regulatory land grab" that could create a fragmented regulatory landscape. The exchange emphasized the need for a unified federal approach to cryptocurrency regulation to avoid conflicting state-level policies. This move highlights the growing tension between state and federal authorities over the oversight of digital assets, with Coinbase advocating for centralized clarity in the evolving crypto market.

Coinbase Seeks Federal Jurisdiction Over Oregon Securities Lawsuit

Coinbase is pushing to MOVE Oregon’s lawsuit alleging the sale of unregistered securities to federal court. The exchange argues the state’s action disrupts ongoing federal efforts to clarify digital asset regulations.

The filing accuses Oregon Attorney General Dan Rayfield of overreach, claiming the lawsuit creates a conflicting regulatory patchwork. "This is a regulatory land grab," Coinbase stated, emphasizing bipartisan federal progress on crypto oversight.

Notably, the SEC dropped its enforcement action against Coinbase in February following a $1 million donation to President Trump’s inaugural committee. Oregon now stands alone in reviving previously dismissed claims.

Dogecoin Surges 6% as Institutional Buyers Fuel Bullish Rally

Dogecoin (DOGE) surged nearly 6% in the past 24 hours, defying broader market sluggishness as institutional demand sparked a bullish reversal. The meme coin climbed from $0.191 to $0.200, with trading volume peaking at 470 million units during early morning hours.

Technical indicators show a clear uptrend, with Doge breaking through key resistance at $0.193 and establishing new support at $0.200. The rally gained momentum during late-night trading, supported by volume spikes exceeding 37 million units in single-minute intervals—a telltale sign of institutional accumulation.

Notably, a $20 million DOGE transfer to Coinbase coincided with renewed interest in meme coins following the SHIB DAO launch. While global economic uncertainty weighs on risk assets, DOGE’s price action demonstrates decoupling from traditional market pressures.