Coinbase emerges victorious in US Supreme Court arbitration dispute.

1 min read
Source: Cointelegraph
Coinbase emerges victorious in US Supreme Court arbitration dispute.
Photo: Cointelegraph
TL;DR Summary

The US Supreme Court has ruled in favor of Coinbase in its first-ever opinion on a cryptocurrency case, halting court proceedings against the company in two California cases. The cases alleged that Coinbase failed to provide proper relief after users lost money and engaged in deceptive advertising. The court's decision grants Coinbase the same legal treatment typically given to all companies under the US Federal Arbitration Act of 1925, and affords the company the right to handle disputes through arbitration in lieu of lawsuits.

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