Coinbase opposes the lawsuit from the state of Oregon, alleging political motives.

Coinbase is opposing the lawsuit by the Attorney General of Oregon regarding the sale of unregistered securities, arguing that the state is overstepping its authority and hindering efforts to regulate cryptocurrency at the federal level.

The exchange requires a federal court to take over the case, criticizing Oregon for trying to create its own legal framework, which goes against bipartisan efforts to clarify regulations on digital assets.

Coinbase also asserts that the Attorney General of Oregon lacks the authority to act and is “seeking political attention.” The company emphasizes that it will not withdraw from the state unless forced to do so.