Coinbase Gets Supreme Court Hearing on Dogecoin Sweepstakes Suit

Supreme Court agrees to hear appeal by Coinbase unit, will decide whether users can go to court with claims stemming from $1.2 million Dogecoin sweepstakes in 2021.

• Coinbase says its user agreement required consumers to go to arbitration with accusations that company didn’t adequately disclose that people could enter sweepstakes without buying or selling the cryptocurrency
• Federal appeals court ruled in December that sweepstakes’ rules, which said California courts had jurisdiction over disputes, superseded user agreement
• Supreme Court case is Coinbase v. Suski, 23-3
• NOTE: Coinbase won earlier round in litigation at Supreme Court in June

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