<ul><li>The State of Oregon has filed a lawsuit against Coinbase, accusing the exchange of violating securities laws by promoting and selling unregistered high-risk investments.</li><li>Oregon Attorney General Rayfield believes that states must step in to enforce crypto regulation as federal agencies have failed to do so effectively.</li><li>The lawsuit cites the collapse of Internet Computer Protocol (ICP) token price, which dropped 99% and wiped out billions in investor money.</li><li>Coinbase's Chief Legal Officer, Paul Grewal, called the lawsuit a 'copycat case' and criticized it as a waste of taxpayer dollars, diverting attention from important progress in digital asset legislation.</li></ul>

Coinbase Faces Fresh Legal Challenge—State of Oregon Steps in After SEC Pullback

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