High Court Won’t Stay Suits Against Crypto Firm Pending Arbitration Cert Petition

Mealey's (August 11, 2022, 1:45 PM EDT) -- WASHINGTON, D.C. — In a pair of orders issued Aug. 10, the U.S. Supreme Court declined to stay lower court proceedings in two lawsuits against the operator of a cryptocurrency trading website, thus permitting claims for violations of California’s unfair competition law (UCL) and the Electronic Funds Transfer Act (EFTA), among others, to proceed while Coinbase Global Inc. pursues its petition for certiorari over a question about appeals of rulings about arbitration provisions....