Coinbase Dogecoin Sweepstakes Case Now In A Lower Court
The post Coinbase Dogecoin Sweepstakes Case Now In A Lower Court appeared on BitcoinEthereumNews.com.
Coinbase’s long-time pending Dogecoin sweepstakes case shifted from the Supreme Court to the district court. In 2021, Dogecoin (DOGE) Sweepstakes promotional event was introduced by Coinbase and had conflicting clauses regarding dispute resolution. Why Supreme Court Snatch Hands From the Coinbase Dogecoin Sweepstakes Case? On May 23, the US Supreme Court snatched hands from the Dogecoin sweepstakes case amid arbitration involvement. Bloomberg Law disclosed the Supreme Court’s decision on the case over X (formerly Twitter). DOGE, a prominent player in the memecoin market was trading at $0.1617, after experiencing a downturn of 2.64% in a day with a market cap of $23,353,923,164. The US Supreme Court ruled against crypto exchange Coinbase over a 2021 Dogecoin sweepstakes. https://t.co/yme3S8VGsM — Bloomberg Law (@BLaw) May 24, 2024 The court ordered district courts to settle the case as Coinbase preferred arbitrators whereas users favored court intervention. According to the legislation, the US courts are not authorized to handle cases that involve arbitration clauses only. Coinbase Dogecoin Sweepstakes Case It all began in June 2021 when Coinbase introduced its Dogecoin sweepstakes system to reward users. The exchange also shared the news on X. It’s raining DOGE! Dogecoin is now on Coinbase and we’re giving away $1.2 million in DOGE to celebrate. Opt in and then buy or sell $100 in DOGE on Coinbase by 06/10/2021 for your chance to win. Limit one entry per person. Details here 👇https://t.co/RU52JrTiqd — Coinbase 🛡️ (@coinbase) June 3, 2021 As per the system, individuals taking part and buying and selling $100 in DOGE on Coinbase at a specific time will get rewards. Different ranges were set for different winners the top player will receive $300K in DOGE whereas the top 10 winners will get $30K in DOGE and many more. After several user allegations that Coinbase misled them into…
Filed under: News - @ May 25, 2024 12:26 am