The US Supreme Court will hear lawyers from San Francisco-based crypto exchange Coinbase on Tuesday.
The case, where the arguments of Coinbase’s lawyers will be heard, will be the first crypto case in the US Supreme Court. This case is considered very important by the community to know the views in the USA.
Coinbase’s Case Will Be The First Cryptocurrency Case In The US Supreme Court
The U.S. Supreme Court will present its arguments to nine judges for attorneys for San Francisco-based crypto exchange Coinbase to stop a pair of class action lawsuits against the crypto exchange.
While the case the Supreme Court is due Tuesday involves crypto, it is not itself a crypto case. Rather, this case is a procedural debate over whether a case can proceed in federal court while one of the parties, Coinbase, seeks to arbitrate the dispute.
coinbase is appealing an earlier decision of a federal court in California. This lawsuit is the result of two pending lawsuits, Bielski and Coinbase, despite Coinbase’s user agreement requiring disputes to be arbitrated.
U.S. District Court for the Northern District of California, coinbase‘s request to enforce arbitration in the Bielski case last April, because the exchange’s arbitration clause was unreasonable and used a litigation loophole to disadvantage users in the event of a dispute.
