Coinbase suits Oregon’s state officials to change the state’s encryption policy in secret star-news.press/wp

Coinbase filed a lawsuit against the governor of Oregon Tina Cotik and Public Prosecutor Dan Rivild. The stock exchange accuses the case of sudden changes to the cryptocurrency policy without appropriate legal operations or general participation.

The Stock Exchange argues that the state’s actions exceeded the procedures for setting the necessary rules, which should have included sessions and general opportunities for the comments of the stakeholders.

Coinbase says that the reversal of the encryption in Oregon can criminalize ordinary users

On July 11, Coinbase’s chief official, Paul Ghroul, criticized Oregon’s state officials to change their position on digital assets behind closed doors.

“Oregon Tina Cotik, AG Dan Rayfield and other officials, have turned digital assets behind closed doors, without sessions or setting bases in the agency and public comment. Now they reject the public records that show this. To believe this error, we take them to the court,” I mentioned.

In his file, Coinbase argued that Oregon had previously had no official encryption regulations. Instead, the state advised the public to display digital assets such as Bitcoin as goods, similar to gold, instead of securities.

However, the company noted that the state filed a lawsuit against it in April 2025, which was unexpectedly re -defined digital assets as securities.

The Stock Exchange stressed that such a main change in politics will usually require general sessions and discussions. According to the company, this must include inputs from various stakeholders in this field, including the exchange of encryption and digital asset users.

“Such a major change in public policy is usually implemented through public listening sessions, discussion, and final procedures by the elected legislative body in Oregon, or, at least, is a process to set the agency’s rules that involve interested stakeholders,” the company said.

Coinbase also indicates that Oregon’s new approach can negatively affect not only the exchange but also the residents who trade or carry digital assets in the state.

The United States -based company argues that this sudden transformation may indicate that ordinary Origonists participate in illegal transactions. This is although the state never provides clear guidelines or an official regulatory framework.

In addition, Coinbase took the goal of the state’s legal procedures, which implicitly means that Oregon’s lawyers may receive gains from the lawsuit.

The legal procedure depends on the previous Coinbase power cash From Oregon’s attempt to revive the “Implementation” strategy.

This approach represents the SEC position during the Biden era towards the encryption industry, but was later deported under the current Trump management.

According to Coinbase, Oregon’s work unilaterally undermines the growing efforts of the two parties in Washington to create federal encryption legislation.

The company confirmed that the gradual implementation of the state creates confusion and threatens progress towards clear and national rules for the encryption industry.

The company concluded that “the outstanding Orgon campaign sweats for obstruction. It is a desperate plan that does nothing to push the encryption conversation forward, and in fact it takes us a giant leap behind the progress it has achieved strongly.”

Post Coinbase has appeared by Oregon officials for changing it secretly a policy of state encryption first on Beincrypto.

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2025-07-12 10:04:00