Reine v. Coinbase, Inc.

CourtDistrict Court, E.D. Louisiana
DecidedSeptember 8, 2025
Docket2:25-cv-01369
StatusUnknown

This text of Reine v. Coinbase, Inc. (Reine v. Coinbase, Inc.) is published on Counsel Stack Legal Research, covering District Court, E.D. Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Reine v. Coinbase, Inc., (E.D. La. 2025).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF LOUISIANA

BRIAN REINE CIVIL ACTION

VERSUS NO. 25-1369

COINBASE, INC., BRIAN SECTION “R” (1) ARMSTRONG

ORDER AND REASONS

Defendants Coinbase, Inc. (“Coinbase”) and Brian Armstrong move to compel arbitration and stay the proceeding.1 Plaintiff does not oppose the motion.2 For the following reasons, the Court grants the motion.

I. BACKGROUND

Coinbase is a digital currency exchange.3 Coinbase users can, among other things, buy, sell, transfer, and store digital currencies like Bitcoin.4 In December of 2021, Reine created a Coinbase account.5 Thereafter he stored assets, including Bitcoin, in his Web3 wallet, a wallet that was supported by

1 R. Doc. 6. 2 R. Doc. 9. 3 R. Doc. 6-2 at 1, ¶ 2. 4 Id. 5 R. Doc. 9 at 1. Coinbase.6 He alleges that following Coinbase’s announcement that it would discontinue support of Web3, he made repeated attempts to move 0.218

Bitcoin from that wallet. 7 Reine alleges that defendants failed to effectively resolve or assist with this, and, as a result, he cannot access 0.218 Bitcoin.8 He further alleges that Bitcoin was stolen from his Coinbase account and that the scammers who stole it exploited vulnerabilities in Coinbase’s systems to

do so.9 In June 2025, Reine sued Coinbase and Brian Armstrong, Coinbase’s CEO, in state court for breach of contract, negligence, and violation of the

Louisiana Unfair Trade Practices Act.10 In July 2025, defendants removed this action to federal court, asserting diversity jurisdiction.11 Defendants now bring a motion to compel arbitration and stay the proceeding.12 They assert that plaintiff is bound to arbitrate his claims under

a binding arbitration agreement in Coinbase’s User Agreement.13 Before Coinbase users can make deposits into their Coinbase accounts, they must

6 R. Doc. 1-1 at 1. 7 Id. at 2. 8 Id. 9 Id. at 2-4. 10 Id. at 5-6. 11 R. Doc. 1. 12 R. Doc. 6. 13 R. Doc. 6-1. agree to the User Agreement.14 The User Agreement at the time of plaintiff’s account creation was the 2021 version.15 In 2021, at the end of the account

creation process users had to check a box certifying that they are over 18 years of age and that they agreed to the User Agreement and the Privacy Policy.16 The User Agreement and Privacy Policy were hyperlinked to the account creation page such that, if clicked on, a full copy of each would be

presented to the user.17 Coinbase contends that its records reflect that Reine did check the certification box.18 In January 2022, Coinbase updated its User Agreement and notified

customers via email.19 The email summarized changes to the User Agreement and included the following text: “You can read the entire agreement here.”20 The text “entire agreement here” was displayed as a hyperlink, that, if clicked on, would provide a full copy of the 2022 version

of the User Agreement.21 Beginning on February 3, 2022, Coinbase directed users who had not yet accepted the 2022 version of the User Agreement to a

14 R. Doc. 6-2 at 2, ¶ 5. 15 Id. at 2-3, ¶ 7. 16 R. Doc. 6-4, Exhibit B. 17 R. Doc. 6-2 at 3, ¶ 8. 18 Id. at 2-3, ¶ 7. 19 Id. at 4, ¶ 10. 20 Id. 21 Id. landing page directing them to “review and accept your updated terms and conditions to continue using your Coinbase account.”22 The full agreement

was viewable in a scroll box.23 Below it was a button labeled “Accept terms.”24 Coinbase’s records show that Reine accepted the 2022 User Agreement on February 6, 2022.25 The 2022 User Agreement contained a section titled “Arbitration

Agreement” that states: Subject to the terms of this Arbitration Agreement, you and Coinbase agree that any dispute, claim, disagreements arising out of or relating in any way to your access to or use of the Services or of the Coinbase Site, any Communications you receive, any products sold or distributed through the Coinbase Site, the Services, or the User Agreement and prior versions of the User Agreement, including claims and disputes that arose between us before the effective date of these Terms (each, a “Dispute”) will be resolved by binding arbitration, rather than in court. . .26

The Arbitration Agreement further provides that the “Federal Arbitration Act, 9 U.S.C. § 1, et seq., will govern the interpretation and enforcement of this Arbitration Agreement and any arbitration proceedings.”27

22 Id. at ¶ 11. 23 Id. 24 Id. 25 Id. at 5, ¶ 13. 26 R. Doc. 6-7, Exhibit E. 27 Id. Based on the Arbitration Agreement, Coinbase and Armstrong assert that Reine is bound to arbitrate his claims.28 Plaintiff responds that,

following consultation of counsel, he does not oppose the entry of an order staying the case while the parties proceed with arbitration.29 The Court considers the motion below.

II. LEGAL STANDARD There is a strong federal policy in favor of arbitration. See Safer v. Nelson Fin. Grp. Inc., 422 F.3d 289, 294 (5th Cir. 2005). The Supreme Court

has directed courts to “‘rigorously enforce’ arbitration agreements . . . .” Am. Express Co. v. Italian Colors Rest., 570 U.S. 228, 233 (2013) (quoting Dean Witter Reynolds, Inc. v. Byrd, 470 U.S. 213, 221 (1985)). “[D]istrict courts shall direct the parties to proceed to arbitration on issues as to which an

arbitration agreement has been signed.” Dean Witter, 470 U.S. at 218. Under § 3 of the Federal Arbitration Act, if a claim in a lawsuit is “referable to arbitration under an [arbitration] agreement,” the district court “shall on application of one of the parties stay the trial of the action” pending

arbitration. 9 U.S.C. § 3. Courts grant such a stay “unless it can be said with

28 R. Doc 6-1. 29 R. Doc. 9 at 2. positive assurance that the arbitration clause is not susceptible of an interpretation that would cover the dispute at issue.” Safer, 422 F.3d at 294

(cleaned up). Ordinarily, to decide on a motion to compel arbitration, the Court must determine (1) whether there is a valid agreement to arbitrate the claims and (2) whether the dispute falls within the scope of that agreement. Sherer v.

Green Tree Servicing LLC, 548 F.3d 379, 381 (5th Cir. 2008) (per curiam). The Court then considers “whether any federal statute or policy renders the claims nonarbitrable.” JP Morgan & Chase Co. v. Conegie ex rel. Lee, 492

F.3d 596, 598 (5th Cir. 2007). However, when the arbitration agreement contains a delegation clause, the Court simply analyzes whether there is a valid agreement, and if so, whether there is “clear and unmistakable evidence” that the parties intended to arbitrate the arbitrability issue. See

Lloyd’s Syndicate 457 v. FloaTEC, L.L.C., 921 F.3d 508, 514 (5th Cir. 2019). If the Court determines that the parties have agreed to arbitrate the dispute in question, it then “determine[s] ‘whether legal constraints external to the parties’ agreement foreclosed the arbitration of those claims.’” Webb v.

Investacorp, 89 F.3d 252, 258 (5th Cir. 1996) (quoting Mitsubishi Motors Corp. v. Soler Chrysler-Plymouth, Inc., 473 U.S. 614, 628 (1985)). III. DISCUSSION Here, the Arbitration Agreements contain delegation clauses.

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