Coinbase sues Oregon over crypto policy ‘flip-flop’

- Coinbase sues Oregon officials over abrupt crypto policy shift. - Lawsuit alleges procedural violations and lack of transparency. On July 14, 2025, CoinDesk reported that prominent cryptocurrency exchange Coinbase filed a lawsuit on July 11 in Marion County Circuit Court against Oregon state officials, including Governor Tina Kotek and Attorney General Dan Rayfield. In the suit, Coinbase accuses the state of abruptly reversing its stance on digital assets without following proper procedures, such as holding public hearings or conducting formal rulemaking. The controversy traces back to an April 2025 lawsuit in which Oregon's Attorney General accused Coinbase of offering unregistered securities. This action marked a sharp reversal from the state's previous guidance, which had advised residents that digital assets were not regulated as securities. Consequently, Coinbase claims the state carried out its policy reversal “behind closed doors” without engaging stakeholders or the public. In addition, Coinbase asserts that Oregon violated public records laws by delaying access to documents that could clarify the reasoning behind the policy shift, a move the company claims undermines transparency. Ryan VanGrack, Vice President of Litigation for Coinbase, emphasized that Oregonians deserve an explanation for the government's lack of transparency and for its pursuit of a case that would uniquely bar them from trading crypto. This lawsuit exemplifies the escalating tensions between crypto firms and state regulators across the U.S. While Coinbase continues to push for federal legislation with clear guidelines for digital assets, its legal conflict with Oregon could have significant implications, potentially influencing how other states address cryptocurrency regulation in the future. According to market data, as of July 14 at 21:15 UTC, XRP (XRP) was trading at $2.925, marking a 3.026% increase in 24-hour trading activity.