Elon Musk’s social media platform, X, has urged the U.S. Supreme Court to block law enforcement from forcing companies like Coinbase to surrender users' financial data. In a recent amicus curiae brief, X Corp. argued that the IRS violated privacy rights by obtaining over three years of transaction records from 14,000 Coinbase users without a warrant.

X, alongside advocacy groups, is fighting against these “suspicionless” subpoenas, claiming they breach the Fourth Amendment. The case centers on James Harper, a Coinbase user who sued the IRS in 2020 for unlawfully accessing his data. Despite his lawsuit, a federal court ruled in 2023 that the IRS acted within its authority.

The Supreme Court has now asked the federal government to respond, signaling potential implications for digital financial privacy. This case could shape how regulators access crypto-related financial records moving forward.

Conclusion

X Corp.'s challenge against the IRS highlights the growing debate over financial privacy in the digital age. If the Supreme Court rules in favor of Harper and X, it could set a precedent for protecting crypto users' rights against mass government surveillance.

Takeaways:

  • X Corp. supports blocking warrantless IRS access to Coinbase data.

  • Over 14,000 Coinbase users’ records were accessed without individualized suspicion.

  • The Supreme Court’s decision could impact digital financial privacy laws.

  • Harper’s 2020 lawsuit against the IRS continues to challenge government oversight.

Source: The Block

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