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Coinbase has filed an amicus brief with the US Supreme Court opposing the IRS’s broad collection of cryptocurrency user data, arguing it violates Fourth Amendment protections. The case highlights tensions between tax enforcement and digital privacy in the crypto space.
- Coinbase argues IRS's bulk data collection violates the Fourth Amendment's protection against unreasonable searches.
- The case could redefine privacy protections for digital financial data under the third-party doctrine.
- IRS obtained names, taxpayer IDs, and transaction histories for 14,000+ Coinbase users through a John Doe summons.
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