In brief
- Coinbase has filed a letter with the DOJ urging federal preemption of state crypto laws, citing Oregon’s securities suit, New York’s ETH stance, and staking bans.
- Chief Legal Officer Paul Grewal called state actions “government run amok,” warning that patchwork enforcement “slows innovation and harms consumers.”
- A legal expert told Decrypt that states risk violating interstate commerce rules and due process, and DOJ support for preemption may mark a potential turning point.
Coinbase has gone on the offensive against state regulators, petitioning the Department of Justice that a patchwork of lawsuits and licensing schemes is tearing America’s crypto market apart.
“When Oregon can sue us for services that are legal under federal law, something’s broken,” Chief Legal Officer Paul Grewal tweeted on Tuesday. “This isn’t federalism—this is government run amok.”
Go to Source to See Full Article
Author: Vismaya V
