The Supreme Court has agreed to take up the case of cryptocurrency exchange Coinbase, which is attempting to transfer lawsuits filed against it in the courts to arbitration panels.
Although many investors are unfamiliar with cryptocurrencies, which are famously volatile investments, they’ve been growing in popularity.
There are reportedly more than 19,000 different cryptocurrencies in circulation. A cryptocurrency can be defined as a digital currency that is secured by cryptography, which reportedly makes counterfeiting or double-spending almost impossible.
The crypto markets have been racked by controversy in recent weeks after the multi-billion-dollar collapse of the Bahamas-based crypto exchange FTX. Embattled founder Sam Bankman-Fried has reportedly agreed to testify about the saga before the U.S. House Financial Services Committee on Dec. 13….