Coinbase Clashes with Oregon in Revival of Crypto Regulation Battle

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📈 Preview On Today’s News:

1. - Coinbase Clashes with Oregon in Revival of Crypto Regulation Battle

2. - Smart Refunds: Circle’s Protocol Aims to Fix Stablecoin Disputes Without Middlemen

3. - Crypto Titans Fall: 171-Year Prison Sentence Rocks Brazilian Scam

Keep reading below for more!

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Today’s News:

1)

Coinbase Clashes with Oregon in Revival of Crypto Regulation Battle

Coinbase is pushing back against a new lawsuit filed by the Oregon Attorney General that alleges securities violations, asserting that the case resurrects discredited legal theories previously dismissed by regulators. The exchange argues this move undermines national efforts for coherent cryptocurrency regulation and reflects outdated regulatory thinking, especially following the recent departure of SEC Chair Gary Gensler. Coinbase insists the suit is politically motivated and vows to maintain full operations in Oregon while urging Congress to enact modern, industry-aligned legislation. The case has reignited debates over how U.S. crypto markets should be governed in a rapidly evolving digital landscape.

• Coinbase decries Oregon's lawsuit as a regressive, politically motivated attempt to revive discredited regulatory claims, despite previous dismissals.

• Amid a shifting federal landscape post-Gensler, Coinbase is calling for modern, bipartisan crypto regulation while continuing full service operations in Oregon.

2)

Smart Refunds: Circle’s Protocol Aims to Fix Stablecoin Disputes Without Middlemen

Circle has launched a groundbreaking Refund Protocol that enables users to resolve stablecoin payment disputes without the need for custodians. Announced on April 17, this smart contract-based system offers a non-custodial solution to a long-standing issue in digital asset payments—lack of refund or chargeback mechanisms. By escrowing ERC-20 token payments in smart contracts, users can manage disputes transparently. Independent arbiters can freeze funds or approve refunds, but cannot move assets arbitrarily, preserving decentralization. While the system enhances user trust, limitations include gas inefficiency, non-yielding escrowed funds, and potential arbiter abuse. Circle plans future integrations with yield-generating protocols like Aave to mitigate these issues.

• Circle's Refund Protocol allows dispute resolution in stablecoin payments using smart contracts, eliminating the need for custodians while maintaining decentralization and transparency.

• Arbiters can authorize refunds or freeze funds but cannot access them, with plans to enhance functionality through future yield-generating integrations.

3)

Crypto Titans Fall: 171-Year Prison Sentence Rocks Brazilian Scam

In one of the most severe crackdowns on crypto fraud to date, Brazilian authorities have sentenced Braiscompany executives to a combined 171 years in prison for orchestrating a massive $190 million cryptocurrency scam. The firm lured around 20,000 investors with promises of high, guaranteed returns, only to embezzle the funds through unlicensed operations and money laundering. Joel Ferreira de Souza, the scheme’s alleged mastermind, received a 128-year sentence, while other key figures also faced heavy penalties. This case underscores Brazil’s intensifying efforts to hold crypto fraudsters accountable and serves as a stark reminder of the dangers in unregulated digital markets.

• Braiscompany defrauded 20,000 investors out of an estimated $190 million through false return promises, embezzlement, and unlicensed financial operations.

• Executives received a combined 171 years in prison, with mastermind Joel Ferreira de Souza sentenced to 128 years—one of the harshest penalties in crypto fraud history.

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