PANews reported on June 3 that CoinDesk reported that Coinbase has applied to the federal court to take over the lawsuit filed by Oregon against it for allegedly selling unregistered securities , claiming that the state attorney general has overstepped his authority to interfere in the federal crypto regulatory process. Coinbase called the lawsuit "regulatory grabbing" and intended to replace federal regulation, create a fragmented legal landscape, and revive the allegations previously dismissed by the SEC. The company said it would resolutely respond to the lawsuit and would not voluntarily withdraw from the Oregon market.