Saturday, June 7, 2025
News PouroverAI
Visit PourOver.AI
No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing
News PouroverAI
No Result
View All Result

US Supreme Court Steps In On Coinbase Customer Contract Dispute

November 5, 2023
in Blockchain
Reading Time: 2 mins read
0 0
A A
0
Share on FacebookShare on Twitter


In a recent legal tangle, Coinbase, a prominent cryptocurrency exchange, and its customers have brought forward a contractual disagreement to the United States Supreme Court. The crux of the matter revolves around who – a court or an arbitrator – should adjudicate on which contract governs the disputes. The US Supreme Court is set to deliberate on the authority appropriate for making such rulings.

The discord arises from two different agreements signed between Coinbase and its customers. According to a report by Bloomberg, one contract advocates for arbitration, while the other endorses court action. This inconsistency in the agreements is the root cause of the ongoing legal impasse.

Adding to the complexity is a sweepstakes agreement, which steered dispute resolution to California courts, creating a challenge in the scenario. Initially, Coinbase imposed arbitration terms on its clients; however, this sweepstakes agreement muddied the waters.

Triggered by accusations of deceptive advertising, a class-action lawsuit has been launched against Coinbase by its customers. The lawsuit scrutinizes Coinbase’s approach of addressing customer grievances through arbitration.

Despite Coinbase’s request for arbitration, it was rejected due to the findings of this investigation, marking a significant hiccup in their legal strategy. This judicial reservation occurs even after a recent Supreme Court verdict, which favored Coinbase in a cryptocurrency-related dispute, decided by a narrow margin of 5-4 votes.

Post this verdict, the court upheld Coinbase’s initiative to halt customer lawsuits, advocating for arbitration to resolve disputes. Specifically, the ruling enabled the firm to divert consumer litigation into arbitration channels.

Irrespective of the ongoing legal melee, Coinbase continues on its growth trajectory, expanding its product and service spectrum, thereby offering customers a wider array of trading options.

The move by the Supreme Court to entertain arguments in this case marks a pivotal, potentially industry-altering juncture for entities employing arbitration agreements. The outcome could notably influence the practice of drafting and enforcing user agreements, especially in the dynamic domain of digital currency trading.

Image source: Shutterstock



Source link

Tags: bitcoinBlockchainCoinbasecontractcourtCustomerdisputeNewsstepsSupreme
Previous Post

Digital Marketing Trends Update March 2023 | The Digital Marketing Podcast

Next Post

Episode 5 – Top AI & DataScience News from the week | 13 JUNE 2020

Related Posts

5 SLA metrics you should be monitoring
Blockchain

5 SLA metrics you should be monitoring

June 10, 2024
10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India
Blockchain

10BedICU Leverages OpenAI’s API to Revolutionize Critical Care in India

June 9, 2024
Arkham: US Government Seizes $300M from Alameda Research Accounts
Blockchain

Arkham: US Government Seizes $300M from Alameda Research Accounts

June 8, 2024
Fake Musk Live Streams Flood YouTube During SpaceX Launch
Blockchain

Fake Musk Live Streams Flood YouTube During SpaceX Launch

June 7, 2024
How to Track Crypto Transactions for Taxes?
Blockchain

How to Track Crypto Transactions for Taxes?

June 7, 2024
NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release
Blockchain

NVIDIA Enhances Low-Resolution SDR Video with RTX Video SDK Release

June 7, 2024
Next Post
Episode 5 – Top AI & DataScience News from the week | 13 JUNE 2020

Episode 5 - Top AI & DataScience News from the week | 13 JUNE 2020

The Ultimate, No Stress Inline 6 Engine Ever! | Automation The Car Company Tycoon Game

The Ultimate, No Stress Inline 6 Engine Ever! | Automation The Car Company Tycoon Game

Node v18.0, Redux v8 and new plugins – Frontend News 25 | frontendhouse.com

Node v18.0, Redux v8 and new plugins - Frontend News 25 | frontendhouse.com

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
23 Plagiarism Facts and Statistics to Analyze Latest Trends

23 Plagiarism Facts and Statistics to Analyze Latest Trends

June 4, 2024
Accenture creates a regulatory document authoring solution using AWS generative AI services

Accenture creates a regulatory document authoring solution using AWS generative AI services

February 6, 2024
Managing PDFs in Node.js with pdf-lib

Managing PDFs in Node.js with pdf-lib

November 16, 2023
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
The Ultimate Guide to Google Ads [Examples]

The Ultimate Guide to Google Ads [Examples]

March 14, 2024
25+ CSS Pricing Tables

25+ CSS Pricing Tables

October 28, 2023
Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

Can You Guess What Percentage Of Their Wealth The Rich Keep In Cash?

June 10, 2024
AI Compared: Which Assistant Is the Best?

AI Compared: Which Assistant Is the Best?

June 10, 2024
How insurance companies can use synthetic data to fight bias

How insurance companies can use synthetic data to fight bias

June 10, 2024
5 SLA metrics you should be monitoring

5 SLA metrics you should be monitoring

June 10, 2024
From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

From Low-Level to High-Level Tasks: Scaling Fine-Tuning with the ANDROIDCONTROL Dataset

June 10, 2024
UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath

June 10, 2024
Facebook Twitter LinkedIn Pinterest RSS
News PouroverAI

The latest news and updates about the AI Technology and Latest Tech Updates around the world... PouroverAI keeps you in the loop.

CATEGORIES

  • AI Technology
  • Automation
  • Blockchain
  • Business
  • Cloud & Programming
  • Data Science & ML
  • Digital Marketing
  • Front-Tech
  • Uncategorized

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 PouroverAI News.
PouroverAI News

No Result
View All Result
  • Home
  • AI Tech
  • Business
  • Blockchain
  • Data Science & ML
  • Cloud & Programming
  • Automation
  • Front-Tech
  • Marketing

Copyright © 2023 PouroverAI News.
PouroverAI News

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In