Reported 5 months ago
Coinbase faced a loss in a narrow arbitration point in the U.S. Supreme Court, where the court ruled against the company in a dispute over which legal agreement should apply when parties are under two contracts. This ruling, which was not directly related to Coinbase's cryptocurrency business, highlights the increasing importance of arbitration issues in the technology sector. Although Coinbase had won a previous dispute over arbitration, this mixed record at the Supreme Court indicates that the decision will have limited applicability in arbitration jurisprudence going forward. The ruling suggests that when parties have two agreements—one calling for arbitration and another for court resolution—it's not clear that arbitrability should be resolved through arbitration. While this case wasn't directly related to crypto, it is expected that the Supreme Court will eventually resolve legal battles between the industry and U.S. regulators, though this process may take several years.
Source: YAHOO