Crypto exchange Coinbase has asked the US Supreme Court to resubmit two recent cases for arbitration.
Two separate lawsuits were recently filed against Coinbase for violating consumer laws by its users. Coinbase’s offer, which previously requested arbitration, was rejected by federal court judges. Coinbase has filed an appeal to stay the two reopened lawsuits.
Coinbase Denies Lawsuits
Rejecting arbitration requests from the Supreme Court, Coinbase is heavily objecting to the decisions taken for both cases.
In the first of the Coinbase lawsuits; A scammer who remotely accessed the account of one of its users caused the user to lose more than 31 thousand dollars. The account holder then sued Coinbase, saying it provided little help in restoring lost funds.
In the second case; Coinbase was accused of violating California consumer law by issuing a $1.2 million Dogecoin lottery without adequately disclosing that participants were not required to buy or sell the cryptocurrency.
In both cases, federal court judges rejected Coinbase’s offer to arbitrate disputes, saying this was necessary given the scope of the company’s user agreements. In the Supreme Court, Coinbase said that case court proceedings should be halted while filing an appeal with the 9th U.S. Circuit Court of Appeals. The 9th Chamber refused to block the lawsuits, and Coinbase failed to get results.
Re-appealing, Coinbase said that trial court proceedings should be automatically stopped when a party files an appeal to submit a case to arbitration.
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