Tyler Winklevoss called the actions of the Political Theater prosecutor and called Rayfield’s claim to the contradictory decision of the New York federal court of July 2023. The businessman recalled that then the court decided that sales of the XRP are not investment contracts. The lawsuit of the Oregon prosecutor’s office, filed on April 18, 2025, claims the opposite. Coinbase violated the state’s laws on securities, offering, without proper registration, activation trading, including XRP, SOLANA (SOL) and Cardano (ADA), the lawsuit said.
The main legal adviser to Coinbase, Paul Grewal, called the claim a “annoying repetition” of the securities and exchanges rejected in 2023, initiated by the ex-head of Gary Gensler.
The Winklvoss believes that the lawsuit does not threaten XRP status, taking into account the legal protection of the issuer, Ripple, at the federal level. However, the actions of the Oregon prosecutor’s office emphasize the persistent uncertainty in regulating cryptocurrencies at the state level, the businessman said.
Earlier, the main legal adviser of the Ripple Stuart Alderoty said that the company agreed to pay the US securities and exchange commissions and exchanges a reduced fine of $ 50 million, which will be the end of the legal dispute about the status of the XRP, which the parties were held since December 2020.
Source: Bits

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