Coinbase prevails in Supreme Court arbitration case.

The US Supreme Court has ruled in favor of Coinbase Global Inc. in a case that reinforces the ability of companies to direct customer and employee disputes into arbitration. The ruling states that lawsuits filed in federal court must be put on hold while a defendant appeals to send the case to arbitration. The decision was made in a 5-4 vote, with business groups supporting Coinbase and consumer advocates arguing that judges should have the discretion to decide which claims should proceed during appeal. Coinbase is currently facing two lawsuits, one involving a $31,000 loss and another involving a $1.2 million Dogecoin sweepstakes.