On June 23, 2023, the United States Supreme Court delivered a verdict in favor of cryptocurrency exchange Coinbase, rendering a partisan decision that will put a halt to court proceedings against the company in two separate cases in California. These class-action lawsuits were initiated by plaintiffs claiming that Coinbase had not provided adequate compensation after users suffered financial losses. Additionally, the plaintiffs accused Coinbase of engaging in deceptive advertising practices.

Coinbase, in response, requested that the district courts overseeing the cases dismiss the suits, arguing that users had agreed to handle such disputes through arbitration rather than lawsuits when they…

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