Oregon's Attorney General filed a motion to keep the lawsuit against Coinbase in state court rather than move it to federal court.
Oregon's lawsuit against Coinbase alleges violations of the state's securities law by facilitating the sale of unregistered cryptocurrencies to residents.
Coinbase's Chief Legal Officer criticized the lawsuit as a 'copycat case' following the SEC's prior regulatory actions against the exchange.
The lawsuit claims Coinbase sold high-risk investments without proper vetting, causing significant losses for Oregonians, covering more tokens than the SEC's original case.