Supreme Court denies Coinbase’s request to compel arbitration in Dogecoin sweepstakes dispute
The judge ruled that "a court, not an arbitrator," must decide whether one of Coinbase's agreements supersedes the other.
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The judge ruled that "a court, not an arbitrator," must decide whether one of Coinbase's agreements supersedes the other.
Mike Dalton 2 min read
The company's stance is far more optimstic than other predictions.
Bitcoin's price dropped to as low as $61,400 following the incident.
When its merger is complete, Coincheck will become the second publicly listed crypto exchange in the US after Coinbase.
SEC Chair Gary Gensler recently reiterated his stance that most crypto tokens are securities under the law during a TV interview.
The long-term implications of the SEC's strict oversight and the sustainability of Coinbase's current advantage remain uncertain.
Crypto phishing incidents on 'X' drive April's record low theft totals.
The Coinbase users who filed the lawsuit are seeking rescission, statutory damages under state law, and injunctive relief.
A significant component of the revenues was a $650 million mark-to-market gain on digital assets held for investment, following new accounting standards adopted by the company.
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