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Bloomberg says that Coinbase has asked the US Supreme Court to send two lawsuits that were just filed to arbitration.
In both cases, federal trial judges had already turned down Coinbase's request to send the disagreements to arbitration, which the exchange said was required by its user agreements. Coinbase is basically trying to change these first decisions.
Case number 22A91 is Bielski v. Coinbase, and case number 22A92 is Suski v. Coinbase.
Abraham Bielski, a California resident, filed Coinbase v. Bielski after he lost more than $31,000 to a scammer who pretended to be from PayPal and hacked into his Coinbase account. Bielski said that Coinbase didn't do much to help him get his money back, and he said that Coinbase broke the Electronic Funds Transfer Act and Regulation E.
In Suski v. Coinbase, on the other hand, the exchange was accused of breaking California consumer law by holding a "sweepstakes" event with memecoin Dogecoin that was allegedly misleading and didn't have enough disclaimers and information about what the sweepstakes was about.
The complaint said that traders thought they had to buy or sell $100 worth of dogecoin by June 10, 2021, to be eligible for a cash prize. However, Coinbase didn't say that users who don't trade dogecoin could also take part in the event, which made some people feel like they were tricked.
Coinbase has asked the Supreme Court to both step in quickly and hear the company's appeals.
It also said that trial court proceedings should stop automatically when a party files a non-frivolous appeal to send a case to arbitration. It said that such issues come up "every time a party appeals the denial of a motion to compel arbitration."
Coinbase says at the Supreme Court that the trial court proceedings should stop while the company appeals to the 9th US Circuit Court of Appeals in San Francisco.
Before, the 9th Circuit Court did not stop the cases.
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