Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK
The post Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK appeared first on Coinpedia Fintech News
Coinbase is back in the legal spotlight, but this time, it’s not the SEC knocking at the door. The Oregon Attorney General has filed a lawsuit against the crypto exchange, accusing it of offering and selling unregistered securities to users in the state.
The lawsuit claims that Coinbase offered and sold at least 31 tokens as unregistered securities, and that includes some big names like XRP, ADA, LINK, AAVE, MKR, and UNI.
Oregon Named 31 Tokens as “Crypto Securities”In an ongoing lawsuit, Oregon state is suing Coinbase for violating state securities laws. The lawsuit claims Coinbase helped sell unregistered cryptocurrencies, making millions in fees while Oregonians lost money.
