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Oregon Vs Coinbase: AG Files Motion To Keep ‘Gensler-Era Copycat Lawsuit’ In State Court

  • 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.

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