由于XRP似乎获得了更清晰的联邦地位，针对加密交易所Coinbase的新的俄勒冈州诉讼引起了新的担忧

随着XRP似乎获得了更清晰的联邦地位，针对加密交易所Coinbase的新的俄勒冈州诉讼引起了人们对潜在的州级压制的新担忧。

A new lawsuit by Oregon’s attorney general is targeting cryptocurrency exchange Coinbase with claims of violating the state’s securities laws, stirring fresh concerns about potential state-level clampdowns.

俄勒冈州总检察长的一项新诉讼是针对加密货币交易所共同基础，要求违反该州的证券法，引起人们对潜在州级替补的新担忧。

As reported by Law360, the lawsuit, filed last week Thursday, spans 171 pages and alleges that Coinbase enabled the sale of virtual currencies without providing “robust disclosures of material information,” a requirement under Oregon’s administrative rules. The lawsuit also criticizes the exchange for failing to register as a securities broker-dealer.

正如Law360报道的那样，该诉讼于上周星期四提起，涵盖了171页，并指控Coinbase使销售虚拟货币不提供“强大的物质信息披露”，这是根据俄勒冈州的行政规则的要求。该诉讼还批评了未能注册为证券经纪交易商的交流。

The lawsuit arises from an initiative by Oregon Attorney General Dan Rayfield to oversee cryptocurrency activity within the state, aiming to fill an “enforcement vacuum” possibly left by shifting priorities at the U.S. Securities and Exchange Commission.

该诉讼源于俄勒冈州检察长丹·雷菲尔德（Dan Rayfield）的一项倡议，负责监督该州内的加密货币活动，旨在填补美国证券交易委员会的优先事项所留下的“执法真空”。

However, legal experts like University of Oregon law professor Liz Tippet have characterized this patchwork state enforcement as a “suboptimal workaround” for failed federal oversight. Tippet opines that it’s a desperate measure taken due to the SEC’s inability to keep pace with the crypto sector, and ultimately, it’s no substitute for coordinated federal regulation.

但是，俄勒冈大学法学教授利兹·蒂皮特（Liz Tippet）等法律专家将这种拼凑的州执行定为特征，是联邦监督失败的“次优解决方法”。 Tippet认为，由于SEC无法与加密货币部门保持同步，这是一项拼命的措施，最终，这不能代替协调的联邦法规。

The lawsuit names several crypto assets, including Bitcoin, Ethereum, and Stellar Lumens, but not XRP, which is currently involved in a separate lawsuit with the SEC.

该诉讼列举了几个加密资产，包括比特币，以太坊和恒星流明，而不是XRP，这些资产目前与SEC涉及单独的诉讼。

The case will follow a federal judge’s ruling last year that XRP itself was not a security, although the judge did find that the SEC’s claims of unregistered offerings and violations of federal securities law were plausible in regards to other crypto assets sold by Ripple.

该案将遵循去年联邦法官去年的裁决，即XRP本身不是安全性，尽管法官确实发现SEC关于未注册的奉献和违反联邦证券法的说法在Ripple出售的其他加密资产方面是合理的。

If state laws redefine or reinterpret disclosure obligations, exchanges listing XRP could still face legal consequences, even if the token is federally compliant. This dual-track legal system puts crypto assets at the mercy of both federal and state scrutiny, raising fresh concerns for developers, investors, and platforms like Coinbase.

如果州法律重新定义或重新解释披露义务，即使令牌在联邦政府符合联邦政府的情况下，XRP的交易所列出XRP仍然可能会面临法律后果。这个双轨法律制度使加密资产受到联邦和州审查的摆布，对Coinbase等开发商，投资者和平台提出了新的担忧。

The attorneys general of several states, including California, have expressed interest in regulating crypto at the state level, potentially leading to a patchwork of regulations across the U.S. This could create difficulties for exchanges and token issuers in maintaining compliance with varying state laws.

包括加利福尼亚在内的几个州的律师对在州一级进行加密货币表示兴趣，有可能导致整个美国的法规拼凑而成，这可能会给交流和代币发行人保持遵守不同的州法律而造成困难。

The case in Oregon also arrives amid a shift in priorities at the SEC, with new Chair Paul Atkins showing interest in a balanced approach to crypto regulation.

俄勒冈州的案件也在SEC的优先事项转变中，新主席保罗·阿特金斯（Paul Atkins）对平衡的加密法规表现出了兴趣。

Earlier this year, the SEC Chair signaled a willingness to work with Congress on legislation for crypto regulation, an indication that the agency might be open to avenues other than sole enforcement in the sector.

今年早些时候，SEC主席表示愿意与国会合作进行加密法规的立法，这表明该机构可能对该行业唯一执法以外的其他途径开放。

This optimism is slowly returning to the market, especially with 70+ crypto ETFs, including those for XRP and Solana, pending approval by the SEC.

这种乐观情绪正在慢慢返回市场，尤其是有70多种加密ETF，包括XRP和Solana的Crypto ETF，待定SEC的批准。