What transpired in crypto today is as follows: Today in crypto, a new lawsuit against Coinbase from Oregon’s attorney general refers to XRP and other digital assets as unregistered securities, Paul Atkins has been officially sworn in as US Securities and Exchange Commission (SEC) chief, taking over from acting chair Mark Uyeda, and new filings reveal crypto companies among donors to US President Donald Trump’s inauguration.
XRP is deemed an unregistered security in an Oregon AG lawsuit against Coinbase. In his lawsuit against Coinbase, Oregon Attorney General Dan Rayfield contends that XRP and other digital assets are unregistered securities. Rayield filed a lawsuit against Coinbase, a publicly traded crypto exchange based in the United States, for allegedly breaking Oregon's securities law. In an April 18 announcement, the Oregon Department of Justice said the suit was part of an effort to fill what it described as a regulatory vacuum left by federal agencies under the Trump administration:
“States must fill enforcement vacuum being left by federal regulators who are abandoning these cases under Trump administration,“ the department said.
In an X post on April 21, Coinbase's chief legal officer Paul Grewal expressed his frustration with the lawsuit. The lawsuit claims that a long list of digital assets, including XRP (XRP), are unregistered securities, according to Paradigm's vice president of regulatory affairs Justin Slaughter.
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