U.S. Supreme Court Refuses to Hear Cryptocurrency User Data Privacy Case
【U.S. Supreme Court Refuses to Hear Cryptocurrency User Data Privacy Case】According to Golden Finance, the U.S. Supreme Court on Monday declined to hear the case of Harper v. Faulkender, which could have reexamined whether cryptocurrency exchanges are required to provide customer data to the government. This decision frustrates cryptocurrency companies like Coinbase, which had hoped the court would create a privacy exception for blockchain data similar to that for mobile records. The case involves the "third-party doctrine," which has long allowed the government to obtain customer records from service providers like banks. The case involves James Harper, a Coinbase customer whose personal transaction data was obtained by the IRS during a large-scale investigation. In this investigation, the IRS sought information on over 14,000 cryptocurrency accounts.