


The Supreme Court on Friday waded again into the cryptocurrency world and agreed to hear a Coinbase case on how to settle a dispute with its users.
The case involves whether users suing the digital currency trading platform can do so in court or whether they are forced to resolve the case in arbitration, which Coinbase would prefer.
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At issue is a 2021 sweepstakes that offered recipients dogecoin but resulted in a class-action lawsuit when a user claimed Coinbase did not advertise a purchase was not required to enter the contest.
The U.S. Court of Appeals for the 9th Circuit ruled in 2022 that Coinbase had effectively waived its right to an arbitration dispute, and the company appealed, teeing up the Supreme Court to take its second crypto-related case in two years.
The case involved respondent David Suski, who succeeded in convincing the 9th Circuit to allow his dispute with Coinbase to move forward in court.
When users sign up for Coinbase accounts, they agree to resolve any disputes in arbitration. However, the agreement for participation in the sweepstakes did not include a similar arbitration clause, according to a brief from Suski's counsel urging the justices not to take up the case.
Justices will decide whether it is up to a judge or a private arbitrator to determine which of two conflicting agreements should apply.
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The high court this summer sided with Coinbase in a 5-4 ruling in a separate but related dispute. It marked the first time the Supreme Court waded into the confusing and often treacherous world of cryptocurrency. The ruling put a pause on lawsuits against Coinbase while the company appealed to push the disputes into arbitration.
A decision in the case will likely come by the end of June. The case is known as Coinbase v. Suski.