Coinbase criticizes Oregon’s attempt to restart the “enforcement instead of legislation” crypto regulatory model

CoinRank News: Coinbase published a post on its official blog criticizing the current regulatory trend of crypto companies in Oregon, saying that it is trying to restore the regulation by enforcement model that has been widely questioned before. Coinbase said that the states financial regulator is planning to require crypto platforms to obtain traditional securities brokerage licenses through administrative interpretation, which runs counter to the trend of regulatory reform at the federal level and may damage the local crypto innovation environment. Coinbase called on regulators to establish a transparent and fair regulatory framework through clear legislation and industry collaboration, rather than repeating the old path that caused regulatory uncertainty.