COINBASE SUES OREGON GOVERNOR OVER POLICY SHIFT
Coinbase has filed suit against Oregon Governor Tina Kotek, accusing her office of withholding records tied to a surprise state lawsuit that reclassified crypto as securities after previously stating otherwise. The exchange claims this abrupt policy shift was made behind closed doors, bypassing the legislative process, and unfairly targets only Oregon residents. Coinbase's lawsuit comes as federal lawmakers move toward formal crypto legislation, including the GENIUS and Clarity bills expected to reach President Trump's desk later this month.