Coinbase 首當其衝受最高法院狗狗幣裁決影響 DOGE 暴跌 4%

Supreme Court Rules Against Coinbase in Dogecoin Sweepstakes Dispute

最高法院在狗狗幣抽獎糾紛中裁定 Coinbase 敗訴

In a recent ruling that carries implications for the cryptocurrency industry, the US Supreme Court unanimously sided against US-based cryptocurrency exchange Coinbase in a 2021 Dogecoin (DOGE) sweepstakes dispute.

在最近一項對加密貨幣產業產生影響的裁決中，美國最高法院在 2021 年狗狗幣 (DOGE) 抽獎糾紛中一致支持美國加密貨幣交易所 Coinbase。

The court's decision, delivered by Justice Ketanji Brown Jackson, dismissed Coinbase's argument that a ruling against it would invite legal turmoil. The court emphasized the importance of contractual agreements and the role of courts in resolving disputes.

法院的裁決由法官 Ketanji Brown Jackson 作出，駁回了 Coinbase 的論點，即反對它的裁決將引發法律混亂。法院強調了合約協議的重要性以及法院在解決糾紛中的作用。

Coinbase Arguments Dismissed

Coinbase 的論點被駁回

The key issue was whether the dispute should be submitted to arbitration or litigated in court. According to Bloomberg Law, the court emphasized that arbitration requires the consent of the parties and that in cases involving conflicting contracts, the court must determine the parties' intent.

關鍵問題是該爭議應提交仲裁還是向法院提起訴訟。根據《彭博法》，法院強調仲裁需要當事人的同意，在涉及合約衝突的案件中，法院必須確定當事人的意圖。

Coinbase had contended that a ruling against it would "create chaos" by encouraging parties to challenge arbitration agreements. However, the court rejected this concern, stating that it did not foresee such chaos arising from its decision.

Coinbase 曾辯稱，反對它的裁決會鼓勵各方質疑仲裁協議，從而「製造混亂」。然而，法院駁回了這項擔憂，稱其並未預見其決定會造成如此混亂。

The case revolved around a sweepstakes in which consumers alleged they were deceived into paying $100 to participate. The conflict emerged due to the presence of two contracts that pointed to different dispute resolution mechanisms.

該案件圍繞著一次抽獎活動展開，消費者聲稱他們被騙支付 100 美元參加抽獎活動。衝突的出現是由於兩份合約指向不同的爭議解決機制。

David Suski and others who participated sued the exchange and the company that ran the Dogecoin sweepstakes. They alleged violations of California's false advertising law, unfair competition law, and the Consumer Legal Remedies Act.

大衛·蘇斯基（David Suski）和其他參與人員起訴了該交易所和進行狗狗幣抽獎活動的公司。他們指控違反了加州虛假廣告法、不公平競爭法和消費者法律補救法。

While a general user agreement mandated arbitration for all disputes, a sweepstakes-specific contract stipulated that disputes must be brought before a California court.

雖然一般使用者協議要求對所有爭議進行仲裁，但抽獎專用合約規定爭議必須提交加州法院。

Varying Outcomes in Future Cases?

未來案件的結果會有所不同嗎？

Justice Jackson highlighted the need for a court to determine which contract should govern the resolution of the dispute in such situations. However, the court refrained from addressing whether the Ninth Circuit Court of Appeals correctly determined that the sweepstakes-specific contract "superseded" the general user agreement, deeming it beyond the scope of the question presented.

傑克森法官強調，在這種情況下，法院需要確定哪份合約應管轄爭議的解決。然而，法院並未討論第九巡迴上訴法院是否正確判定抽獎專用合約「取代」一般使用者協議，認為這超出了所提出問題的範圍。

Justice Neil Gorsuch provided a concurring opinion, emphasizing the contractual nature of arbitration and suggesting that different facts could yield a different outcome. He noted that the enforceability of arbitration depended on the parties' agreement.

大法官尼爾·戈薩奇（Neil Gorsuch）提出了一致意見，強調仲裁的合約性質，並暗示不同的事實可能會產生不同的結果。他指出，仲裁的可執行性取決於當事人的協議。

Coinbase's Response

Coinbase 的回應

Coinbase's Chief Legal Officer, Paul Grewal, reflected on the ruling, acknowledging both victories and defeats. Grewal expressed gratitude for the opportunity to present their case to the court and appreciated their consideration of the matter.

Coinbase 首席法律官 Paul Grewal 對裁決進行了反思，承認勝利和失敗。 Grewal 對有機會向法庭陳述案件表示感謝，並感謝他們對此事的考慮。

Market Impact

市場影響

Following the verdict, Coinbase stock, which trades under the ticker COIN, took a significant hit, plunging over 11% to a valuation of $220. This decline came as a surprise given the initial expectations of a potential victory. Prior to the ruling, Coinbase's stock had reached a high of $240 on Wednesday.

判決公佈後，股票代號為 COIN 的 Coinbase 股票遭受重創，暴跌超過 11%，估值為 220 美元。考慮到最初對潛在勝利的預期，這種下降令人意外。在裁決之前，Coinbase 的股價週三曾達到 240 美元的高點。

At the same time, the dog-themed meme cryptocurrency DOGE has also experienced a retracement of more than 4% over the past 24 hours, resulting in a current trading price of $0.158.

同時，以狗為主題的 meme 加密貨幣 DOGE 在過去 24 小時內也經歷了超過 4% 的回撤，導致當前交易價格為 0.158 美元。