Coinbase Seeks Federal Jurisdiction Over Oregon’s Crypto Lawsuit

Coinbase is challenging Oregon's lawsuit by arguing that the case should be handled in federal court rather than state jurisdiction. The exchange asserts that the matter involves national regulatory standards for digital assets, with Chief Legal Officer Paul Grewal emphasizing the need for federal oversight. Oregon Attorney General Ellen Rosenblum alleges that Coinbase violated state securities laws by offering unregistered investment products. This legal battle highlights the ongoing tension between state and federal regulations in the cryptocurrency industry, with Coinbase advocating for a unified national approach to digital asset oversight.

Coinbase Challenges Oregon's Crypto Lawsuit Jurisdiction in Federal Court

Coinbase is pushing back against Oregon's lawsuit, arguing the case belongs in federal court rather than state jurisdiction. The exchange contends the matter involves national regulatory standards for digital assets, with Chief Legal Officer Paul Grewal stating federal issues demand federal oversight.

Oregon Attorney General Ellen Rosenblum alleges Coinbase violated state securities laws by offering unregistered investments. This action reflects growing state-level attempts to regulate crypto amid perceived federal inaction. Coinbase maintains Oregon's approach undermines consistent national policy.

Coinbase Lists Caldera (ERA) Amid Bull Market Slowdown in Altcoin Listings

Coinbase has broken the recent lull in major exchange listings by adding Caldera (ERA) to its platform. The Ethereum-based token will carry an experimental label due to its inherent volatility risks. Trading is expected to commence once liquidity conditions are met.

The MOVE follows a broader market trend where centralized exchanges have scaled back new listings despite the crypto rally. Coinbase's announcement carries particular weight given its position as a top US exchange by volume. "Ensure you don't send this asset over other networks," the exchange warned, emphasizing the ERC-20 exclusive support.

Caldera's listing coincides with renewed institutional interest in ethereum network tokens. Market observers note such exchange endorsements often catalyze short-term price movements, particularly for newer assets during bull markets.