Coinbase urges the U.S. Department of Justice to establish a unified cryptocurrency regulatory framework

ChainCatcher news, according to The Block, Coinbase's Chief Legal Officer Paul Grewal sent a letter to the U.S. Department of Justice, requesting federal regulators to prioritize state-level regulations that conflict with national cryptocurrency policy in order to establish a unified regulatory framework.

Although the SEC has dropped its charges against Coinbase, Oregon has still filed a lawsuit against the exchange, accusing it of encouraging the sale of unregistered crypto assets. Grewal stated that fragmented state-level regulation uses "novel, expansive, and flawed" interpretations of securities laws, hindering innovation and harming consumer interests. Coinbase has escalated the Oregon case to federal court and has filed a lawsuit against the state's governor.