The U.S. Supreme Court has agreed to take up the Coinbase case concerning whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court. The case stems from a dogecoin (DOGE) sweepstakes in which users accused Coinbase of false advertising.
Coinbase’s Case Goes to Supreme Court
The U.S. Supreme Court announced Friday that it will hear Coinbase’s appeal regarding whether the crypto exchange can force users to settle disputes through private arbitration, rather than in court.
The case involved Coinbase’s sweepstakes in 2021 that offered entrants the opportunity to win prizes of up to $1,200,000 in meme cryptocurrency dogecoin (DOGE). A number of users alleged that they were deceived into paying to participate in the sweepstakes even though there was an option to participate for free. Accusing Coinbase of false advertising in violation of California law, the users filed a class-action lawsuit against the cryptocurrency exchange.
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