October 15, 2025
The state of Oregon has pushed back against Coinbase’s objections to a federal judge’s findings and recommendation that the state’s case against the cryptocurrency platform be sent back to state court, saying the judge “properly concluded that no basis for federal jurisdiction exists.”
The state of Oregon responded last week to objections raised by Coinbase regarding U.S. Magistrate Judge Jolie A. Russo’s findings and recommendation, issued in September, that the suit accusing Coinbase of putting Oregonians at financial risk through the operation of an unregistered securities platform be remanded to Multnomah County Circuit Court.
The state says Judge Russo “thoroughly addressed and rightly rejected Coinbase’s fanciful arguments,” and “faithfully applied the proper legal standards and relied on long-settled precedent to determine that Coinbase’s removal effort fails under either of its asserted jurisdictional theories.”
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The state of Oregon is represented by Brian A. DeHaan of the Oregon Department of Justice, Keil M. Mueller, Jennifer S. Wagner, Yoona Park and Norjmoo Battulga of Keller Rohrback LLP, Julie G. Reiser, Margaret (Emmy) Wydman and Christopher J. Bateman of Cohen Milstein Sellers & Toll PLLC.