Coinbase Urges US Department of Justice to Establish a Unified Cryptocurrency Regulatory Framework

BlockBeats News, September 17th, according to The Block, Coinbase's Chief Legal Officer Paul Grewal sent a letter to the U.S. Department of Justice requesting federal regulators to prioritize addressing state-level regulations that conflict with national crypto policies and establish a unified regulatory framework. Despite the SEC dropping its charges against Coinbase, Oregon has filed a lawsuit against the exchange, alleging that it encouraged the sale of unregistered crypto assets.

Grewal stated that fragmented state-level regulations using "novel, expansive, and flawed" securities law interpretations hinder innovation and harm consumer interests. Coinbase has escalated the Oregon case to federal court and filed a lawsuit against the state's governor.