Oregon AG Accuses Coinbase of Unregistered Securities Sales (1)

Coinbase sold unregistered securities to Oregon residents without properly screening the risky investments to protect consumers, the state’s attorney general said in a lawsuit against the company.

The state-level suit comes on the heels of the SEC’s decision to drop a federal enforcement case against Coinbase in February, part of a broader agency about-face on crypto in which the bulk of digital asset enforcement has been halted.

States are left to fill the enforcement vacuum left by federal regulators who are “giving up” under the new administration and “abandoning these important cases,” the statement from the attorney general’s office said. ...