Coinbase VP
Ryan VanGrack, Coinbase’s Vice President of Litigation, spoke to The Washington Times, expressing his support for the lawsuit against Governor Kotek. He’s particularly miffed that the Oregon State Government is trying to limit its citizens’ access to the crypto market.
VanGrack said:
… why is Governor Kotek refusing to provide basic information about the case, including why the state suddenly flipped its views on crypto? Oregonians deserve to know why their government is keeping them in the dark — and why they’re pursuing a case that would deprive Oregonians (and only Oregonians) from trading crypto.
VanGrack is also baffled by the timing and basis of Oregon’s initial lawsuit, especially as the US Congress is trying to establish a crypto regulatory framework, with the upcoming vote on the GENIUS Act and Clarity Act.
He added:
No one else has filed suit. It came after the federal government dismissed its case, and it is coming on the heels of bipartisan legislation; I can’t imagine a more illogical time for a state to peacock and insert itself when the federal government made it very clear it is their domain.
At the time of writing, the total crypto market cap is valued at $3.63 trillion, up 2.44% in the past day. So, while Oregon is busy playing hide-and-seek with its crypto policies, the rest of the world is moving on. 🚀
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2025-07-12 21:13