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Supreme Court rules against Coinbase in dogecoin case
The U.S. Supreme Court on Thursday rejected an argument by Coinbase over a case involving the cryptocurrency exchange's 2021 dogecoin sweepstakes that prompted a lawsuit. Why it matters: The ruling marks a new era for consumer protection across the business landscape, with the crypto case largely perceived as a bellwether, according to experts. Zoom in: The conservative-led court upheld the Ninth Circuit court's in Coinbase, Inc. v. Suski, which denied Coinbase's motion to compel arbitration. Flashback: Coinbase held a dogecoin sweepstakes with prizes valued at up to $1.2 million. • David Suski, and others who ... (full story)