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Oregon Revives Lawsuit Against Coinbase That Trump’s DOJ Killed
President Trump might be a fan of crypto, but companies in the industry still face state regulators.
That is according to the company’s chief legal officer, Paul Grewal, who wrote in a post on X that the state is “resurrecting the dead” by filing a case similar to the one dropped by the U.S. Department of Justice under President Trump. The case alleges that Coinbase is selling unregistered securities to residents of the state, and comes the same day as one of its employees, Jesse Powell, has been under fire for a provocative post that implied new cryptocurrency tokens can be used for facilitating sex trafficking. Justin Sun, a controversial founder in the industry, saw a civil case against him filed by the Securities and Exchange Commission was dropped not long after investing $75 million into a token created by the Trump family’s World Liberty Financial.
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