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On June 3rd, according to CoinDesk, Coinbase is applying to the US federal court to take over Oregon's lawsuit against it for allegedly selling unregistered securities, citing that the state is improperly interfering with federal efforts to clarify digital asset regulation. Coinbase believes that the lawsuit initiated by Oregon Attorney General Dan Rayfield in April this year is an act of overstepping his authority, aimed at establishing a "patchwork" regulatory system that directly conflicts with the current bipartisan regulatory framework at the federal level.