U.S. Supreme Court Loss for Coinbase Leaves Company with Mixed Record
Powered by @unfolded- Coinbase lost a Supreme Court case regarding a dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first one calls for arbitration.
- The ruling does not directly impact the digital assets sector, but arbitration issues have become increasingly important in the technology sector.
- The case involved a dispute about whether an arbitration clause in an initial contract should have controlled what happened in a subsequent contract tied to a Dogecoin sweepstakes competition.
- The Supreme Court's decision clarifies that when parties have two agreements, one calling for arbitration and the other calling for court resolution, it is not clear that the parties intended arbitrability to be resolved in arbitration.