On Friday, 23 June, the U.S. Supreme Court endorsed cryptocurrency exchange Coinbase’s request to postpone customer lawsuits while it pursues appeals to have the issues arbitrated privately.
Highlights
- On Friday, 23 June, the U.S.
- Supreme Court endorsed cryptocurrency exchange’s request to postpone customer lawsuits while it pursues appeals to have the issues arbitrated privately.
- The ruling, which won a 5-4 majority, allows Coinbase to continue its effort to compel arbitration against the class action lawsuit filed by a user after his money was allegedly stolen by a scammer from his account.
- This halts the lawsuit’s progress through the federal court system in the meantime.
- It marks the first time a crypto company argued before the US high court, and it may have implications on other lawsuits filed against the crypto exchange.
- After Friday’s decision,
Read the original article
SEC approves leveraged Bitcoin ETF