Oregon AG Seeks to Block Coinbase Bid to Move Securities Case to Federal Court

Oregon AG Seeks to Block Coinbase Bid to Move Securities Case to Federal Court - WorldNL Magazine

In brief Oregon wants its securities lawsuit against Coinbase kept in state court, arguing the case relies on Oregon’s broader legal test, not federal law. The state has accused Coinbase of promoting unregistered crypto sales, while Coinbase called the lawsuit politically motivated and warned of fragmented state regulation. The case hinges on Oregon’s Pratt test, which applies a broader definition of investment contracts than the federal Howey t…

Oregon AG Seeks to Block Coinbase Bid to Move Securities Case to Federal Court

Coinbase called Oregon’s lawsuit a “regulatory land grab,” but the state says it’s a “quintessential state law action.”