Oregon has filed a lawsuit against Coinbase, claiming the platform enabled the trading of 31 crypto tokens, including XRP, labeled as unregistered securities. This legal action marks an intensified scrutiny of cryptocurrency trading.
The lawsuit is noteworthy as it encompasses a broader range of tokens than prior SEC complaints. Experts highlight that Coinbase allegedly violated state securities laws by allowing trading without proper registration.
Recent changes in SEC’s approach, dropping lawsuits against Coinbase and Ripple, indicate a shift in regulations. The crypto industry now advocates for cohesive federal legislation to support its growth and avoid a fragmented legal environment.
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