U.S. Supreme Court to Rule on Crypto Case.

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Source: CoinDesk
U.S. Supreme Court to Rule on Crypto Case.
Photo: CoinDesk
TL;DR Summary

The US Supreme Court will hear arguments on Tuesday in a case involving San Francisco-based crypto exchange Coinbase, which is attempting to pause a pair of class-action lawsuits against it. The case is a procedural argument over whether a lawsuit can proceed in federal court while one party is attempting to send the dispute to arbitration. Coinbase is appealing an earlier decision by a federal court in California allowing the two lawsuits to continue, in contrast with Coinbase’s user agreement, which requires disputes to be sent to arbitration. The decision could have a significant impact on the emerging litigation landscape in the crypto sphere and other crypto companies that have increasingly been targeted by class-action lawsuits.

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