June 23 (Cointime) - The United States Supreme Court has ruled in favor of cryptocurrency exchange Coinbase, putting a halt to court proceedings against the company in two California cases. The class-action lawsuits alleged that Coinbase failed to provide proper relief after users lost money and engaged in deceptive advertising. However, Coinbase argued that users had signed an agreement upon creating their accounts stating that disputes would be handled through arbitration instead of lawsuits. The court's decision grants Coinbase the same legal treatment typically given to all companies under the U.S. Federal Arbitration Act of 1925, and while it represents a win for Coinbase, it could also have a ripple effect throughout the crypto industry.