PANews reported on June 4 that according to Cointelegraph, Coinbase filed a motion with the Portland Federal Court to transfer the securities lawsuit filed by the Oregon Attorney General to the federal court for trial. The exchange said that the lawsuit filed by Oregon Attorney General Dan Rayfield in April accused it of selling unregistered securities to residents of the state and was a "copycat case" that "attempted to infringe upon the jurisdiction of federal law." Coinbase pointed out that Rayfield's lawsuit is almost identical to a similar lawsuit filed by the U.S. Securities and Exchange Commission (SEC) in 2023, and the SEC agreed to withdraw the lawsuit in February this year. Paul Grewal, the exchange's legal director, said that the case involves federal legal issues such as "investment contracts" and should be decided by the federal court. The Oregon Attorney General said that his lawsuit was filed after the SEC dropped its charges against Coinbase, and stressed that "states must fill the enforcement vacuum left by federal regulators." Recently, states such as Kentucky, Vermont and South Carolina have withdrawn similar lawsuits against Coinbase.