Hot Development: Coinbase Lost in Dogecoin Case!

In a landmark decision, the US Supreme Court ruled in a dispute over a 2021 Dogecoin giveaway. cryptocurrency The exchange ruled against Coinbase.

In a unanimous decision by Judge Ketanji Brown Jackson on Thursday, it was stated that a court, not an arbitrator, should decide where to resolve the dispute.

This case is not new to the Supreme Court. In fact, previously in 2023, Coinbase, Inc. v. It was seen under the title Bielsk. At that time, the court ruled that proceedings in the trial court should be stayed while the arbitration issue was considered.

The dispute centers around a raffle event, and consumers claim they were misled into paying a $100 entry fee.

*This is not investment advice.