In a recent development, the United States Supreme Court has decided to take on a lawsuit related to a Dogecoin sweepstakes, which involves Coinbase and its customers. This comes almost a year after the US District Court for the Northern District of California initially denied the exchange’s motion to force the class-action lawsuit to arbitration.
The class action, which was filed in 2021, alleged that Coinbase deliberately obscured that customers could enter its “Trade Doge, Win Doge” giveaway without having to trade $100 of the meme coin on its platform. The largest US-based crypto exchange was accused of deliberately concealing a free mail-in entry option to drive the trading volume and liquidity of Dogecoin, a new listing at the time.
Coinbase attempted to push the lawsuit out of the courtroom and into private arbitration, highlighting the arbitration clause in its user sign-up agreement. However, the federal judge ruled that the sweepstakes agreement, which favors courtroo
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