On April 21, Oregon Attorney General Dan Rayfield filed a lawsuit against Coinbase, claiming that several digital assets, including XRP, are unregistered securities, alleging violations of Oregon's securities law. This legal action aims to fill a regulatory void left by federal agencies. Coinbase's chief legal officer expressed frustration over the lawsuit, emphasizing potential confusion if the court ruled on digital assets as securities. Meanwhile, Paul Atkins was sworn in as the new chairman of the US Securities and Exchange Commission (SEC), seen as likely to adopt a more crypto-friendly approach compared to his predecessor, Gary Gensler. Additionally, new Federal Election Commission filings revealed significant donations to Trump's inauguration fund from various cryptocurrency firms, including $1 million from Solana Labs and $100,000 from Consensys. The fundraising efforts amassed $239 million, with major contributions also coming from traditional corporations. Notably, since Trump's inauguration, the SEC has reduced its regulatory scrutiny on crypto firms that supported Trump's campaign, which included dropping probes into several entities.

Source 🔗