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Oregon Sues Coinbase, Declares XRP, ADA, LINK Among 31 Securities

  • Oregon's attorney general has filed a lawsuit against Coinbase for offering 31 unregistered securities.
  • The lawsuit accuses Coinbase of taking advantage of trust to offer risky investments.
  • Coinbase's Chief Legal Officer believes the lawsuit is motivated by profit-seeking private law firms and criticizes the previous SEC administration.
  • Coinbase has also filed a Freedom of Information Act request for transparency on the financial implications of previous enforcement actions.

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