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Coinbase to Supreme Court: IRS crypto dragnet was unconstitutional
Coinbase filed an amicus brief in a U.S. Supreme Court case involving crypto and potential IRS privacy violations.
In a case challenging the Internal Revenue Service’s handling of user crypto data, Coinbase was the latest to weigh in. On April 30, the exchange filed an amicus brief to the U.S. Supreme Court in the Harper vs IRS case, advocating for more privacy protections when it comes to crypto transactions.
Back in 2016, the IRS requested data on 14,000 of Coinbase’s customers, in an attempt to find any evidence of tax evasion. The agency relied on the third-party doctrine, which states that once users voluntarily share data with a third party, like a crypto exchange, they forfeit their privacy protections. In response, Bitcoin researcher James Harper sued the IRS in 2020, accusing it of overreach.
Coinbase filed an amicus brief in a U.S. Supreme Court case involving crypto and potential IRS privacy violations.
In a case challenging the Internal Revenue Service’s handling of user crypto data, Coinbase was the latest to weigh in. On April 30, the exchange filed an amicus brief to the U.S. Supreme Court in the Harper vs IRS case, advocating for more privacy protections when it comes to crypto transactions.
Back in 2016, the IRS requested data on 14,000 of Coinbase’s customers, in an attempt to find any evidence of tax evasion. The agency relied on the third-party doctrine, which states that once users voluntarily share data with a third party, like a crypto exchange, they forfeit their privacy protections. In response, Bitcoin researcher James Harper sued the IRS in 2020, accusing it of overreach.
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