Coinbase requests to transfer Oregon Securities case to federal court, rebuking it as' regulatory overreach ' According to CoinDesk, Coinbase has applied to the federal court to take over a lawsuit in Oregon over its alleged sale of unregistered securities, alleging that the state's Attorney General has overstepped his authority in intervening in the federal cryptocurrency regulatory process. Coinbase referred to the lawsuit as "regulatory plunder," aimed at replacing federal regulation, creating a fragmented legal landscape, and reviving allegations previously dismissed by the SEC. The company stated that it will firmly respond to the lawsuit and will not voluntarily withdraw from the Oregon market.