The United States Supreme Court has agreed to grant audience to Coinbase’s appeal, as the top American cryptocurrency exchange reveals that it is looking to resolve two lawsuits filed by customers through a private arbitration action outside the confines of a legal, judicial court.
The decision to hear the appeal was reached by the Supreme Court on Friday, as first reported by Reuters. The development comes shortly after federal district judges refused Coinbase’s previous requests to take the case to private arbitration.
Now, Coinbase will have the opportunity to present its arbitration case to the Supreme Court following the decision by the Court to give it a hearing. “We are gratified the Supreme Court agreed to hear our appeal, and we look forward to its resolution of this matter,” Neal Katyal, an American lawyer representing Coinbase, said, speaking on the decision.
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