Coinbase has initiated legal action against Oregon Governor Tina Kotek due to a sudden shift in the state's digital asset regulation policy. This lawsuit follows Oregon's earlier claim that Coinbase operated as an unregistered securities issuer. On July 11, Coinbase's Chief Legal Officer, Paul Grewal, urged the governor and Attorney General Dan Rayfield to disclose public records that explain this policy change. The lawsuit, filed in Oregon's Circuit Court, argues that state officials previously classified cryptocurrencies as commodities, not securities. However, a policy shift occurred when the Oregon AG charged Coinbase in April 2025, alleging it acted as an unregistered securities platform for 31 digital assets, mirroring a now-dropped SEC lawsuit. Coinbase contends that such policy changes should involve public hearings and stakeholder consultations, which were not conducted. Ryan VanGrack, Coinbase’s VP of Litigation, criticized the lack of transparency and the timing of Oregon's lawsuit, especially as Congress works on a crypto regulatory framework. Read more AI-generated news on: https://app.chaingpt.org/news

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