俄勒冈DOJ起诉Coinbase，指责交换未注册的证券

当每个人都认为“ Altcoin作为证券”的辩论在SEC今年对加密货币公司提起了几项诉讼后，就已经熄灭了

Just when everyone thought the debate of “altcoin as securities” had extinguished after the SEC dropped several lawsuits against crypto firms this year, the State of Oregon is hitting one of the most popular exchanges in the U.S. with a fresh legal challenge.

就在美国证券交易委员会（SEC）今年对加密货币公司（Crypto）公司撤销的几项诉讼之后，每个人都认为“ Altcoin作为证券”的辩论已经消失了，俄勒冈州正在面临新的法律挑战，这是美国最受欢迎的交易所之一。

On Friday, Oregon State Attorney Dan Rayfield announced a lawsuit against Coinbase (NASDAQ:COIN) for allegedly violating the State’s securities laws. The complaint, filed in Multnomah County Circuit Court, claims Coinbase promoted and sold high-risk investments categorized as unregistered securities.

星期五，俄勒冈州检察官丹·雷菲尔德（Dan Rayfield）宣布针对Coinbase（NASDAQ：COIN）的诉讼，原因是据称违反了该州的证券法。该投诉是在Multnomah县巡回法院提起的，声称Coinbase促进并出售了归类为未注册证券的高风险投资。

State Attorney Rayfield accused Coinbase of “building trust with Oregon consumers” before selling unregistered investment assets. “Oregonians lost money, and we believe Coinbase should be held accountable,’ he said.

州检察官雷菲尔德（Rayfield）在出售未注册的投资资产之前，指控Coinbase“与俄勒冈州消费者建立信任”。他说：“俄勒冈人损失了钱，我们认为Coinbase应该负责。”

The Oregon DOJ is highlighting the risks tied to unregistered securities, like the Internet Computer Protocol (ICP). When it launched on Coinbase, ICP started trading at a sky-high $700, but it quickly dropped to $72 in a month. Today, it stands at around $7, marking a 99% decline from its peak.

俄勒冈DOJ强调了与未注册证券相关的风险，例如Internet计算机协议（ICP）。当它在Coinbase上推出时，ICP开始以700美元的高价交易，但每个月迅速下降到72美元。如今，它的价格约为7美元，标志着其峰值下降了99％。

The DOJ argues that cases like this demonstrate how a lack of enforcement leaves everyday traders exposed to devastating losses in the crypto market.

司法部认为，这样的案件表明，缺乏执法是如何使日常交易者在加密货币市场中遭受毁灭性损失。

Coinbase CLO Reacts

共插基CLO反应

Coinbase’s CLO Paul Grewal reacted to the news of the lawsuit on Twitter. In the post, he compared Oregon’s lawsuit to the SEC filing, calling it a “copycat case” that reflects Gary Gensler’s broad approach to crypto regulation.

Coinbase的CLO Paul Grewal对Twitter上的诉讼消息做出了反应。在帖子中，他将俄勒冈州的诉讼与SEC申请进行了比较，称其为“模仿案件”，反映了加里·盖斯勒（Gary Gensler）对加密法规的广泛方法。

Today the Oregon Attorney General is resurrecting the dead by bringing a copycat case of @SECGov's enforcement action against Coinbase. As a reminder, the SEC dismissed that case with prejudice. This type of political jockeying is an embarrassing waste of Oregon taxpayer…

今天，俄勒冈州总检察长正在通过提出 @secgov对Coinbase的执法诉讼来复活死者。提醒您，SEC以偏见驳回了该案。这种类型的政治竞争是对俄勒冈纳税人的尴尬浪费…

Paul Grewal criticized the lawsuit as a blatant example of political maneuvering, and a misuse of Oregon taxpayer dollars. He argued that such actions distract from the critical progress being made toward bipartisan legislation for digital assets. According to Grewal, this lawsuit will ultimately undermine efforts to protect consumers and strengthen America's position as a global leader in the digital economy, creating more obstacles at a pivotal moment for the industry.

保罗·格雷瓦尔（Paul Grewal）批评这一诉讼是政治机动的公然例子，并滥用了俄勒冈州的纳税人美元。他认为，此类行动分散了对两党关于数字资产立法的关键进展。根据格雷瓦尔（Grewal）的说法，这项诉讼最终将破坏保护消费者并加强美国在数字经济中成为全球领导者的地位，在关键时刻为该行业创造更多障碍。

Oregon Takes Aim At Trump Administration’s Regulatory Gaps

俄勒冈州针对特朗普政府的监管差距

The State Attorney was blunt about his aim to intervene in potential regulatory gaps from the Trump administration. Since taking office in January, Trump’s newly formed SEC—now under Acting Chair Mark Uyeda—has largely left crypto firms alone, in stark contrast to the current administration’s approach under Gary Gensler.

州检察官对他的目标是干预特朗普政府潜在的监管差距。自1月份上任以来，特朗普新成立的SEC（现在是代理主席马克·乌耶达（Mark Uyeda））在很大程度上使加密货币公司独自一人，与当前政府在加里·贡斯勒（Gary Gensler）领导下的态度形成鲜明对比。

Attorney General Rayfield maintains that states must step in to “fill the enforcement vacuum,” asserting that federal regulators have largely failed to pursue cases of cryptocurrency-related violations. This lawsuit, according to Oregon’s DOJ, is a direct response to that lack of action at the federal level.

总检察长雷菲尔德（Rayfield）坚持认为，各州必须介入“填补执法真空”，并断言联邦监管机构在很大程度上未能提起与加密货币相关的违法行为。根据俄勒冈州司法部的说法，该诉讼是对联邦一级缺乏行动的直接回应。