It is up to the court to decide which contract should apply in arbitration, according to the ruling
Users accused the trading platform of false advertising, claiming that they were duped into shelling out $100 for the sweepstakes.
"What a week. Some you win. Some you lose. We are grateful for having had the opportunity to present our case to the Court and appreciate the Court's consideration of this matter," Coinbase's top lawyer Paul GrewalXRP Skyrockets 60% in Volume as XRP Price Outperforms Bitcoin The exchange wanted to compel arbitration since it is much easier for businesses to resolve the matter without going through court litigation.
Coinbase users agreed that disputes should be resolved through arbitration. However, the Dogecoin sweepstakes case caused a legal headache for Coinbase since a separate agreement stipulated that any disputes related to this specific contest should be resolved in a California courtroom. The user agreement’s arbitration provision contradicted the forum selection clause for the contest.
The Supreme Court agreed to hear the dispute back in November after Coinbase moved to appeal a ruling by a lower court. While the justices did not explicitly side with the 9th Circuit, they unanimously ruled that Coinbase was in the wrong. Alex Dovbnya is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.
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