Supreme Court Rules 9–0 Against Cryptocurrency Exchange Coinbase

The Supreme Court unanimously ruled against a major cryptocurrency exchange on May 23, finding that a customer dispute over a sweepstakes should remain in the courts, as opposed to arbitration. Coinbase wanted to compel disgruntled customers to participate in private arbitration instead of adjudicating their complaint in the courts. Companies often prefer arbitration to the courts, saying the process resolves cases with greater speed and reduced expense. Some consumer advocates prefer the courts because, in their view, the judicial system provides consumers with more options and is less likely to side with the companies being sued. The customers alleged they were duped into paying $100 to enter a sweepstakes they had virtually no chance of winning....