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Coinbase calls on the Supreme Court to restrict the IRS from monitoring cryptocurrency users' behaviors.

Gelonghui Finance ·  May 1 00:22

On April 30, Gelonghui reported that Coinbase, along with multiple parties, submitted an amicus brief urging the USA Supreme Court to hear the "Harper v. O'Donnell" case, reassessing the applicability of third-party disclosure principles in the digital age. This case originates from the IRS demanding Coinbase to provide transaction data of over 0.014 million users through a "John Doe subpoena." Coinbase points out that this approach constitutes a "financial shackle-type" surveillance on blockchain users, violating their privacy rights guaranteed by the Fourth Amendment of the Constitution. It is expected that the court's decision on whether to accept the case will be made within this year.

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