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Coinbase is going to court for the second time. The US-based cryptocurrency trading platform is taking its arbitration dispute to the Supreme Court. This decision by Coinbase has made a noise in the world of cryptocurrency.
Coinbase Does Not Step Back
Coinbase, the US-based cryptocurrency trading platform, has revealed its stance on dispute resolution by bringing its arbitration case to the US Supreme Court for the second time. Although the case does not directly involve cryptocurrency, it underscores the importance of arbitration in modern trade. The outcome will affect both consumers and businesses.
The dispute revolves around who has to decide whether a dispute requires arbitration when multiple contracts are involved. Coinbase argues that this decision should belong to an arbitrator instead of lower courts. Although these legal battles are separate from larger issues of cryptocurrency regulation, they signify the evolving legal environment surrounding digital assets. The Supreme Court may tackle such issues in the future, but for now these cases are proceeding in the lower courts.
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