USA High court of law, coinbaseruling in its favour, authorizing the company to suspend court proceedings and to refer client cases to arbitration.
USA High court of law supported Coinbase’s proposal to stop customer lawsuits. The judges overturned the court’s decision to sue a defrauded user. Previously, the judges coinbasewas divided on the issue.
US Supreme Court Backs Coinbase
USA High court of law, cryptocurrency exchange Coinbase’ssupported the proposal to stop customer lawsuits.
Coinbase’s legal struggles continue. of the SEC Coinbase, which is suing and focusing on this litigation process, is also fighting other lawsuits. One coinbaseuser, after money was stolen from his account to Coinbase case had opened . Coinbase filed an appeal, claiming that the claims belong to arbitration, which the lower court denied.
Coinbase took this case to arbitration because it was cheaper and faster. However, the lower court did not pave the way for Coinbase. USA High court of lawoverturned the lower court’s decision and took the case to arbitration.
USA High of the Court The subject he covers includes the complaint of customer Abraham Bielski, who had $30,000 stolen from his Coinbase account in 2021. In this case, Coinbase was accused of violating the Electronic Funds Transfer Act by failing to investigate or reopen Bielski’s account.
The US Supreme Court shed light on Coinbase’s request to stop its lawsuits with customers. 5 of the judges got Coinbase right. However, 4 judges preferred to vote against.
