Supreme Court Weighs Coinbase Users' Lawsuit Despite Arbitration Clauses
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The Supreme Court has taken up a legal dispute between Coinbase and its users regarding conflicting arbitration agreements.
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Coinbase had arbitration clauses but a sweepstakes agreement directed disputes to California courts.
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Lower courts allowed a class-action lawsuit against Coinbase to proceed despite its efforts to move to arbitration.
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The Supreme Court previously supported Coinbase's effort to pause lawsuits while seeking arbitration.
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The Supreme Court's decision will likely impact enforcement of user agreements, especially in digital currency trading.