Cardano (ADA): 30 ciphers affected in Coinbase lawsuit: Here's the list

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Nearly 31 cryptocurrencies have been swept into new legal complaints targeting major crypto exchange Coinbase.

Over the weekend, Oregon Attorney General Dan Rayfield filed a complaint against Coinbase, claiming he sold unregistered securities to his US residents. The state-level lawsuit follows the SEC’s decision to dismiss the lawsuit against Coinbase in February.

The lawsuit quickly attracted attention for its sweeping scope. According to Justin Slaughter, former SEC senior advisor and chief policy advisor at CFTC, Oregon AG’s complaints are even broader than the SEC incident against Coinbase. For context, 13 cryptocurrencies have been named in the now dismised SEC lawsuit.

In his tweet, Slaughter wrote: “We need to come more, but one thing that pops up about Oregon’s AG suit is that it actually covers more tokens than SEC complaints. It claims 31 tokens are unregistered securities that include Uni, Aave, Flow, Link, MKR and even XRP.

XRP, SOL, whatever: Essentially, regardless of your assets or projects, AG @Danrayfield accused you of violating securities laws and letting the token holders escape. Therefore, we have notified customers of about 560K @Coinbase in Oregon about illegal actions taken in that name. https://t.co/FX9UQOOQ5B
– Paulgrewal.eth (@iampaulgrewal) April 21, 2025

In response to this comment, Coinbase Clo Paul Grewal highlighted the broad range of cases that characterize crypto assets as “cryptometric securities.”

Names 31 cryptocurrency

The lawsuit alleges that Coinbase has made it available and sold as an investment agreement via Coinbase Platform and Coinbase Prime, making it available for trading in Oregon crypto assets, which are securities.

The complaint lists 31 cryptocurrencies including Aave, Ada, Algo, Amp, Ape, Atom, Avax, Axs, Chz, Comp, Das, DDX, EOS, FIL, Flow, ICP, LCX, LINK, MIR, MIR, MKR, MKR, MKR, VGX, VGX, WLUNA, XRP and XYO. The lawsuit alleges that the affected cryptocurrency assets were included but “does not include the units of each cryptocurrency securities described.”

Grewal highlighted this in his tweet: “XRP, SOL, anything: essentially, regardless of your assets or projects, Oregon AG Dunley Field accused you of violating securities laws and eliminating token holders. So, we notified about Oregon’s approximately 560,000 Coinbase customers of illegal actions taken in their names.”