PANews reported on September 17 that according to Cointelegraph, Coinbase is pushing the U.S. Department of Justice to intervene in state regulatory enforcement of cryptocurrencies. In a 14-page letter to the Justice Department on Monday, its Chief Legal Officer, Paul Grewal, stated that federal officials should take action regarding state regulatory enforcement of cryptocurrency companies, and that the Justice Department should urge Congress to "intervene and enact broad preemption provisions." On Tuesday, Grewal posted on the X platform, bluntly stating that Oregon's lawsuit against Coinbase for providing services legal under federal law demonstrates a problem, not federalism but rather government misconduct. He added that states should fill the gap left by federal regulators abandoning oversight under the new administration. Grewal also suggested that the Department of Justice submit an opinion letter clarifying that the preemption clause in congressional legislation clarifies that federally regulated digital assets are not subject to state blue sky laws, that new state licensing and other regulatory requirements do not apply to cryptocurrency intermediaries, and that the clause be retroactive.PANews reported on September 17 that according to Cointelegraph, Coinbase is pushing the U.S. Department of Justice to intervene in state regulatory enforcement of cryptocurrencies. In a 14-page letter to the Justice Department on Monday, its Chief Legal Officer, Paul Grewal, stated that federal officials should take action regarding state regulatory enforcement of cryptocurrency companies, and that the Justice Department should urge Congress to "intervene and enact broad preemption provisions." On Tuesday, Grewal posted on the X platform, bluntly stating that Oregon's lawsuit against Coinbase for providing services legal under federal law demonstrates a problem, not federalism but rather government misconduct. He added that states should fill the gap left by federal regulators abandoning oversight under the new administration. Grewal also suggested that the Department of Justice submit an opinion letter clarifying that the preemption clause in congressional legislation clarifies that federally regulated digital assets are not subject to state blue sky laws, that new state licensing and other regulatory requirements do not apply to cryptocurrency intermediaries, and that the clause be retroactive.
Coinbase urges DOJ to block state-level cryptocurrency enforcement actions
PANews reported on September 17 that according to Cointelegraph, Coinbase is pushing the U.S. Department of Justice to intervene in state regulatory enforcement of cryptocurrencies. In a 14-page letter to the Justice Department on Monday, its Chief Legal Officer, Paul Grewal, stated that federal officials should take action regarding state regulatory enforcement of cryptocurrency companies, and that the Justice Department should urge Congress to "intervene and enact broad preemption provisions."
On Tuesday, Grewal posted on the X platform, bluntly stating that Oregon's lawsuit against Coinbase for providing services legal under federal law demonstrates a problem, not federalism but rather government misconduct. He added that states should fill the gap left by federal regulators abandoning oversight under the new administration. Grewal also suggested that the Department of Justice submit an opinion letter clarifying that the preemption clause in congressional legislation clarifies that federally regulated digital assets are not subject to state blue sky laws, that new state licensing and other regulatory requirements do not apply to cryptocurrency intermediaries, and that the clause be retroactive.
Market Opportunity
Union Price(U)
$0,002652
$0,002652$0,002652
USD
Union (U) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
The Channel Factories We’ve Been Waiting For
The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush. Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs. Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Talent Technology Company Cappfinity accelerates growth plans through Chief Talent Management Officer appointment
LONDON, Jan. 20, 2026 /PRNewswire/ — Cappfinity is pleased to announce the promotion of Stephanie Hopper to the role of Chief Talent Management Officer, marking
Share
AI Journal2026/01/20 15:30
TRX Technical Analysis Jan 20
The post TRX Technical Analysis Jan 20 appeared on BitcoinEthereumNews.com. TRX is consolidating at the $0.31 level while showing a short-term bullish tendency
Share
BitcoinEthereumNews2026/01/20 15:27