The Oregon Attorney General, Dan Rayfield, has filed a lawsuit against Coinbase, alleging that the cryptocurrency exchange offered XRP and 30 other crypto assets as unregistered securities in violation of Oregon state law. The lawsuit specifically identifies XRP among the assets in question, asserting that Coinbase's offerings contravene state securities regulations. Meanwhile, Alabama has dropped its enforcement action against Coinbase related to the company's cryptocurrency staking services. Alabama regulators stated that a cease-and-desist order against Coinbase was not warranted, effectively closing their case and reducing the number of states pursuing legal action against the exchange over staking. This development eases some regulatory pressure on Coinbase amid ongoing scrutiny of crypto platforms in the United States.
JUST IN: ALABAMA DROPS ITS ENFORCEMENT CASE AGAINST COINBASE. Source: @coinpedianews https://t.co/OVitLjo6xT https://t.co/NGsAg1NDJ1
ALABAMA DROPS ITS ENFORCEMENT CASE AGAINST COINBASE Alabama regulators have officially ended their enforcement action against Coinbase, closing a chapter in the broader legal pressure facing U.S.-based crypto platforms. The decision eases some regulatory tension for Coinbase as https://t.co/r1ZZP86IR9
NEW: ALABAMA SECURITIES COMMISSION DROPS STAKING LAWSUIT AGAINST COINBASE