.Coinbase has won its U.S. Supreme court fight over legal arbitration, which doesn't mean much for the crypto sector specifically, but could have wide implications for legal disputes with corporations. nikhileshde reports
against the putative class action lawsuit, when the U.S. District Court for the Northern District of California denied its motion to compel arbitration. Coinbase lost an appeal of that ruling as well. The lawsuit was originally set to proceed on some of the case's merits.
The Supreme Court ruling doesn't touch on crypto issues beyond the fact that Coinbase is one of the two parties involved. However, it marks the first time a crypto company argued before the U.S. high court, and it may have implications on other lawsuits filed against the crypto exchange.
Justice Ketanji Brown Jackson, who authored a dissent with support from Justices Elena Kagan and Sonia Sotomayor , wrote that allowing the case to proceed would enable a balancing of all involved interests. "The Court concludes for the first time that an interlocutory appeal about one matter bars the district court from proceeding on another . That logic has such significant implications for federal litigation that the majority itself shies away from the Pandora’s box it may have opened," Jackson wrote.
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