Coinbase 首当其冲受最高法院狗狗币裁决影响 DOGE 暴跌 4%

Supreme Court Rules Against Coinbase in Dogecoin Sweepstakes Dispute

最高法院在狗狗币抽奖纠纷中裁定 Coinbase 败诉

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.

在最近一项对加密货币行业产生影响的裁决中，美国最高法院在 2021 年狗狗币 (DOGE) 抽奖纠纷中一致支持美国加密货币交易所 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.

法院的裁决由法官 Ketanji Brown Jackson 作出，驳回了 Coinbase 的论点，即反对它的裁决将引发法律混乱。法院强调了合同协议的重要性以及法院在解决纠纷中的作用。

Coinbase Arguments Dismissed

Coinbase 的论点被驳回

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.

关键问题是该争议应提交仲裁还是向法院提起诉讼。根据《彭博法》，法院强调仲裁需要当事人的同意，在涉及合同冲突的案件中，法院必须确定当事人的意图。

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 曾辩称，反对它的裁决会鼓励各方质疑仲裁协议，从而“制造混乱”。然而，法院驳回了这一担忧，称其并未预见到其决定会造成如此混乱。

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.

该案件围绕一次抽奖活动展开，消费者声称他们被骗支付 100 美元参加抽奖活动。冲突的出现是由于两份合同指向不同的争议解决机制。

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.

大卫·苏斯基（David Suski）和其他参与人员起诉了该交易所和进行狗狗币抽奖活动的公司。他们指控违反了加州虚假广告法、不正当竞争法和消费者法律补救法。

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

虽然一般用户协议要求对所有争议进行仲裁，但抽奖专用合同规定争议必须提交加利福尼亚州法院。

Varying Outcomes in Future Cases?

未来案件的结果会有所不同吗？

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.

杰克逊法官强调，在这种情况下，法院需要确定哪份合同应管辖争议的解决。然而，法院没有讨论第九巡回上诉法院是否正确判定抽奖专用合同“取代”一般用户协议，认为这超出了所提出问题的范围。

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.

大法官尼尔·戈萨奇（Neil Gorsuch）提出了一致意见，强调仲裁的合同性质，并暗示不同的事实可能会产生不同的结果。他指出，仲裁的可执行性取决于当事人的协议。

Coinbase's Response

Coinbase 的回应

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 对裁决进行了反思，承认胜利和失败。 Grewal 对有机会向法庭陈述案件表示感谢，并感谢他们对此事的考虑。

Market Impact

市场影响

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.

判决公布后，股票代码为 COIN 的 Coinbase 股票遭受重创，暴跌超过 11%，估值为 220 美元。考虑到最初对潜在胜利的预期，这种下降令人意外。在裁决之前，Coinbase 的股价周三曾达到 240 美元的高位。

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.

与此同时，以狗为主题的 meme 加密货币 DOGE 在过去 24 小时内也经历了超过 4% 的回撤，导致当前交易价格为 0.158 美元。