Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK

Monicah W

Coinbase vs SEC News Update Coinbase Takes the Lead in SEC Lawsuit with Major Discovery Ruling

The post Oregon Sues Coinbase, Labels 31 Crypto Tokens as Securities, Including XRP, ADA, LINK appeared first on Coinpedia Fintech News

Coinbase is back in the legal spotlight, but this time, it’s not the SEC knocking at the door. The Oregon Attorney General has filed a lawsuit against the crypto exchange, accusing it of offering and selling unregistered securities to users in the state.

The lawsuit claims that Coinbase offered and sold at least 31 tokens as unregistered securities, and that includes some big names like XRP, ADA, LINK, AAVE, MKR, and UNI.

Oregon Named 31 Tokens as “Crypto Securities”

In an ongoing lawsuit, Oregon state is suing Coinbase for violating state securities laws. The lawsuit claims Coinbase helped sell unregistered cryptocurrencies, making millions in fees while Oregonians lost money.

Oregon’s Attorney General, Dan Rayfield, said, “Coinbase gained trust from people in Oregon and then offered risky investments that weren’t fully checked. Because of this, people lost money, and we think Coinbase should be held responsible.”

Oregon specifically names 31 crypto tokens it believes were illegally offered as unregistered securities. These include popular tokens like ADA, SOL, XRP, LINK, AAVE, MATIC, UNI, and many more.

Although Oregon is going further than the U.S. SEC, which listed 18 tokens in its lawsuit.

Coinbase Responds

Paul Grewal, Coinbase’s Chief Legal Officer, fired back on X. He criticized Oregon’s Attorney General for filing the lawsuit on behalf of over 500,000 users, without their consent. He also said this lawsuit could hurt the entire crypto industry, not just Coinbase.

Oregon’s Case Impact On XRP

Even though Oregon’s lawsuit is only about state rules, it could affect the whole country.

One big thing in the case is XRP, the token from Ripple. Oregon’s Attorney General says XRP should be treated like a security, which means it would have to follow certain rules.

Ripple recently won against the SEC, but now Oregon is bringing the issue up again. They’re still arguing about whether XRP is a security or not.

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Paul Atkins To Face Nomination Hearing for US SEC Chair Role Next Week

Paul Atkins To Face Nomination Hearing for US SEC Chair Role

US Securities and Exchange Commission (SEC) Chairman nominee Paul Atkins will appear before the Senate Banking Committee for his long-awaited confirmation hearing in the coming week. The committee will decide whether Atkins is a suitable replacement for Gary Gensler and will also consider other pro-crypto nominations.

Paul Atkins US SEC Chair Hearing

According to the released schedule, the US Senate hearing for Atkins is scheduled for Thursday, March 27. 

In addition to this hearing, the Senate panel intends to weigh the nomination of Jonathan Gould to serve in the Office of the Comptroller of the Currency. Anyone who occupies this office is responsible for overseeing U.S. national banks. This is a key area of interest for crypto firms, especially to reverse the debanking menace permanently.

Before now, Paul Atkins served as a commissioner with the US SEC but is very supportive of digital asset initiatives. 

He was in charge of a Washington firm that managed clients with financial compliance issues. The broader crypto ecosystem expects him to sustain the pro-crypto momentum that President Donald Trump brought to the US following his inauguration.

Paul Atkins the Trump Choice for SEC

In December, President Donald Trump nominated Paul Atkins as the next chair of the SEC, citing his pro-crypto stance. 

Trump also highlighted that Atkins is a proven leader in “common sense” regulations. At the time, several market observers pointed out the SEC’s regulation-by-enforcement approach.

Prior to his confirmation, Trump designated Mark Uyeda as acting Chairman. Uyeda has upheld the president’s pro-crypto agenda, and Atkins is expected to maintain the current status quo.

In the long term, he is expected to implement policies that favor the crypto ecosystem, which may eventually change the regulatory outlook of the region and attract more investors.

US SEC Turnaround Under Mark Uyeda

Mark Uyeda has served as the SEC’s interim chairman since January 20, when Trump was inaugurated. 

In this position, many changes have come to the crypto ecosystem within two months. Some lawsuits against crypto firms have been retracted. While it started with the Coinbase lawsuit, other cases tied to Uniswap, Robinhood Crypto, OpenSea, and Kraken have also been closed.

The US SEC closed the Ripple lawsuit earlier this week, a major pivot that shows no legal obligation for Paul Atkins if confirmed. Similarly, the US President also recently signed an executive order establishing the strategic Bitcoin reserve. 

This reserve, according to industry leaders, may also expand to altcoins like XRP soon.

The post Paul Atkins To Face Nomination Hearing for US SEC Chair Role Next Week appeared first on CoinGape.

Retard Finder Coin Posts 140% Jump Amid Musk Tie-Up Rumors | Meme Coins To Watch Today

The crypto market is facing massive volatility today, and amid this noise, some meme coins are able to pick up pace on recovery. One such coin is said to have ties with Tesla founder and US Department of Government Efficiency (DOGE) head Elon Musk.

BeInCrypto has analyzed two other meme coins for investors to watch and note which direction they are taking.

Retard Finder Coin (RFC)

  • Launch Date – March 2025
  • Total Circulating Supply – 961.43 Million RFC
  • Maximum Supply – 1 Billion RFC
  • Fully Diluted Valuation (FDV) – $39.83 Million

RFC price surged by 141% over the past 24 hours, continuing its uptrend this week. The meme coin gained attention after Elon Musk’s interactions with its official X (formerly Twitter) page. This triggered a speculative surge in interest, helping RFC capitalize on the increased attention and rising market sentiment.

Musk’s indirect association with Retard Finder Coin has sparked speculation, although no direct evidence confirms his involvement. Despite this uncertainty, RFC’s price has risen to $0.040. If the speculation continues, the altcoin could see further gains, potentially reaching the $0.050 resistance level in the short term.

RFC Price Analysis.
RFC Price Analysis. Source: TradingView

Despite its recent rise, RFC remains a meme coin with inherent volatility. The altcoin faces the risk of rapid selling by investors, which could lead to a quick price pullback. If this occurs, RFC might fall to $0.030 or even $0.020, making it crucial for investors to approach with caution.

Fartcoin (FARTCOIN)

  • Launch Date – October 2024
  • Total Circulating Supply – 999.99 Million FARTCOIN
  • Maximum Supply – 1 Billion FARTCOIN
  • Fully Diluted Valuation (FDV) – $588.26 Million

FARTCOIN saw a 32% rise in the last 24 hours, trading at $0.591. The meme coin is now nearing the resistance level of $0.600. If this momentum continues, FARTCOIN could break through this barrier and continue its upward movement, heading toward new highs in the coming sessions.

In the past, the $0.600 resistance has halted FARTCOIN’s rally, preventing further price gains. However, if the current bullish trend persists, FARTCOIN could overcome this barrier and rise toward $0.693. This level marks the next target for the altcoin, supported by positive market sentiment and strong investor interest.

FARTCOIN Price Analysis.
FARTCOIN Price Analysis. Source: TradingView

If the resistance level proves too strong, FARTCOIN may experience a pullback. A failure to breach $0.600 could lead to a decline back to $0.417 or even lower, erasing recent gains. This scenario would invalidate the bullish outlook and extend the downtrend if selling pressure intensifies.

Mog Coin (MOG)

  • Launch Date – July 2023
  • Total Circulating Supply – 390.5 Trillion MOG
  • Maximum Supply – 420 Trillion MOG
  • Fully Diluted Valuation (FDV) – $135.64 Million

MOG price surged by 25% in the last 24 hours, providing relief after a steep 50% decline during March’s end. This recovery signals the potential for further growth as the meme coin attempts to regain momentum and distance itself from recent losses. The recent rise could lead to more positive movements.

At the time of writing, MOG is trading at $0.000000346, just below the key resistance level of $0.000000370. If it breaches this level, MOG could gain enough momentum to push toward $0.000000433. This breakthrough would mark a significant recovery and extend its upward trend further in the coming days.

MOG Price Analysis.
MOG Price Analysis. Source: TradingView

However, if MOG fails to breach $0.000000370, the altcoin may experience a decline. The next major support lies at $0.000000273, and if this level is tested, it could wipe out recent gains. In such a scenario, the bullish outlook would be invalidated, signaling a continued struggle for the meme coin.

The post Retard Finder Coin Posts 140% Jump Amid Musk Tie-Up Rumors | Meme Coins To Watch Today appeared first on BeInCrypto.

Trojan Malware Hits Crypto Wallets: What MetaMask, Coinbase and Other Users Need to Know

The post Trojan Malware Hits Crypto Wallets: What MetaMask, Coinbase and Other Users Need to Know appeared first on Coinpedia Fintech News

Microsoft has issued a warning about a new Trojan malware, StilachiRAT, which targets cryptocurrency wallet extensions on the Google Chrome browser. Discovered by Microsoft’s Incident Response team in November 2024, StilachiRAT is capable of stealing sensitive information, such as stored browser credentials, digital wallet data, clipboard content, and system details.

The malware affects 20 different crypto wallet extensions, including  Bitget Wallet, Trust Wallet, TronLink, MetaMask, TokenPocket, BNB Chain Wallet, OKX Wallet, Sui Wallet, Braavos – Starknet Wallet, Coinbase Wallet, Leap Cosmos Wallet, Manta Wallet, Keplr, Phantom, Compass Wallet for Sei, Math Wallet, Fractal Wallet, Station Wallet, ConfluxPortal, and Plug. While the malware has not yet been widely distributed, it poses a serious threat due to its stealthy methods of operation.

What Users Should Do 

If you use crypto wallet extensions on Google Chrome, it’s crucial to be cautious. Microsoft recommends checking your browser plugins, clearing your browser history, and running antivirus scans. Users should also avoid downloading any suspicious files and ensure they are taking the necessary steps to secure their wallets.

How StilachiRAT Works 

StilachiRAT uses various techniques to avoid detection and persist within the target system. One of the malware’s components, WWStartupCtrl64.dll, is responsible for gathering sensitive information, such as credentials stored in browsers and crypto wallets, making it a serious threat for anyone using these wallet extensions.

Microsoft has not yet identified the creators or origin of StilachiRAT, but has shared the findings as part of its ongoing efforts to monitor and address emerging cyber threats.

Protection Measures 

Microsoft is providing mitigation guidance to help reduce the impact of StilachiRAT. The malware can be delivered through various vectors, so it is important to implement security measures to prevent compromise.

The post Trojan Malware Hits Crypto Wallets: What MetaMask, Coinbase and Other Users Need to Know appeared first on Coinpedia Fintech News
Microsoft has issued a warning about a new Trojan malware, StilachiRAT, which targets cryptocurrency wallet extensions on the Google Chrome browser. Discovered by Microsoft’s Incident Response team in November 2024, StilachiRAT is capable of stealing sensitive information, such as stored browser credentials, digital wallet data, clipboard content, and system details. The malware affects 20 different …