The Supreme Court agreed with cryptocurrency exchange Coinbase on June 23, ruling 5–4 that customer disputes shouldn’t move forward in the lower courts while appellate courts have yet to rule on the company’s request to divert those cases to arbitration panels. The decision is expected to reinforce the ability of companies to direct customer disputes…
Supreme Court Sides With Crypto Giant Coinbase in Arbitration Dispute
June 23, 2023
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Supreme Court to Take Up Appeal of Major Crypto Exchange Coinbase
The Supreme Court has agreed to take up the case of cryptocurrency exchange Coinbase, which is attempting to transfer lawsuits filed against it in the courts to arbitration panels. Although many investors are unfamiliar with cryptocurrencies, which are famously volatile investments, they’ve been growing in popularity. There are reportedly more than 19,000 different cryptocurrencies in…
Supreme Court Reins in Federal Courts’ Ability to Handle Arbitration Disputes
The Supreme Court reversed the 5th Circuit Court of Appeals by 8-1 on March 31, limiting when federal courts have jurisdiction to confirm or vacate an arbitration award under the Federal Arbitration Act. The case is Badgerow v. Walters, court file 20-1143. Oral arguments were heard on Nov. 2, 2021. The majority decision, joined by…
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