Crypto exchange Coinbase and marketing firm Marden-Kane have agreed to a $2,250,000 settlement to resolve a class action lawsuit over a Dogecoin sweepstakes. The lawsuit alleged that the sweepstakes was misleading, with a disguised link on Coinbase's website. The settlement, pending court approval, will compensate U.S. users who participated in the sweepstakes. Each member of the settlement class will receive a refund of transaction fees and spreads charged by Coinbase on their first $100 of Dogecoin trades during the sweepstakes. The lawsuit also involved marketing agency Marden-Kane, with both parties denying wrongdoing. The U.S. Supreme Court rejected Coinbase's arbitration argument. Dogecoin's price fluctuations and Elon Musk's influence on the cryptocurrency market were also highlighted in the article. Read more AI-generated news on: https://app.chaingpt.org/news

#DOGE