Supreme Court sides with Coinbase in arbitration dispute over ex-users’ crypto losses

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The Supreme Court has ruled that a lower court must halt trial proceedings against Coinbase while it appeals lawsuits brought by users who claim the crypto exchange platform violated California law and did not protect against a loss in the crypto...

Justice Kavanaugh also noted the majority of circuit courts require lower court proceedings to be halted during such an appeal.

He was joined by Chief Justice John G. Roberts Jr. and Justices Samuel A. Alito Jr., Amy Coney Barrett and Neil M. Gorsuch.Justice Ketanji Brown Jackson wrote a dissent arguing that lower courts have discretion whether or not to halt the proceedings during the appeal process — and that should be decided case by case.

“This discretionary decisionmaking promotes procedural fairness because it allows for a balancing of all relevant interests,” Justice Jackson wrote.Justice Thomas joined the dissent, in part, with respect to her argument that the majority is imposing a mandatory rule when courts have historically used discretion in deciding whether to stay proceedings.

A lawyer for Abraham Bielski, a crypto user who had sued, argued that Congress was explicit in other statutes when it required proceedings to be halted, suggesting it was not mandatory here.

 

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