Coinbase Sues Oregon Officials Over Sudden Crypto Policy Reversal

Coinbase has filed a lawsuit against Oregon’s top officials, including Attorney General Dan Rayfield and Governor Tina Kotek. The company claims that Oregon’s sudden change in policy regarding cryptocurrency is the result of behind-the-scenes decisions, without public hearings or proper rulemaking processes.

The lawsuit, filed on Thursday, seeks to obtain records under Oregon’s public records law to understand the reasons for this abrupt policy shift.

Coinbase Seeks Transparency from Oregon Officials

In its legal filing, Coinbase requests detailed documentation about the state’s sudden reversal on cryptocurrency policy. For years, state officials had advised Oregon residents that digital assets, including cryptocurrency, were not regulated as securities.

However, in April, Oregon’s attorney general sued Coinbase, accusing the platform of operating illegally by failing to register with the U.S. Securities and Exchange Commission (SEC) or the Oregon Department of Consumer and Business Services.

Coinbase argues that the state’s decision came unexpectedly, without any legislative action or public discussion. The company contends that Governor Kotek and other officials should provide transparency about the rationale behind the policy change. “Sunlight is the best disinfectant, and transparency is the hallmark of good governance,” said Ryan VanGrack, Vice President of Litigation at Coinbase.

This Is A Developing News, Please Check Back for More

Kelvin Munene Murithi

Kelvin Munene is a crypto and finance journalist with over 5 years of experience, offering in-depth market analysis and expert commentary .


With a Bachelor’s degree in Journalism and Actuarial Science from Mount Kenya University, Kelvin is known for his meticulous research and strong writing skills, particularly in cryptocurrency, blockchain, and financial markets.


His work has been featured across top industry publications such as Coingape, Cryptobasic, MetaNews, Cryptotimes, Coinedition, TheCoinrepublic, Cryptotale, and Analytics Insight among others, where he consistently provides timely updates and insightful content.


Kelvin’s focus lies in uncovering emerging trends in the crypto space, delivering factual and data-driven analyses that help readers make informed decisions. His expertise extends across market cycles, technological innovations, and regulatory shifts that shape the crypto landscape.


Beyond his professional achievements, Kelvin has a passion for chess, traveling, and exploring new adventures.

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.