AG Rayfield filed a lawsuit against Coinbase, one of the largest cryptocurrency trading platforms in the United States, for violating the Oregon Securities Law. The lawsuit claims that Coinbase has both encouraged and helped the sale of unregistered cryptocurrencies to people in Oregon. In doing so, Coinbase has reaped millions of dollars in fees as Oregonians have faced huge losses, often devastating, from risky investments in a market that’s stacked against them and hard to navigate.

“After building trust with Oregon consumers, Coinbase sold high risk investments without them being properly vetted to protect consumers. Oregonians lost money, and we believe Coinbase should be held accountable and take steps to protect consumers.”- AG Rayfield