Coinbase files amicus brief with U.S. Supreme Court, defending user data disclosure to IRS

Odaily Planet Daily News Coinbase submitted a friend of the court statement to the US Supreme Court on Wednesday to defend the reporting of user data to the IRS, stating that "the court should intervene to clarify that the third-party principle does not allow the IRS to conduct a dragnet search." It is reported that the IRS requested Coinbase to obtain customer transaction records in 2019. Coinbase said that the US government exceeded its authority in requesting data on hundreds of thousands of users and believed that the matter had broader privacy implications. (CoinDesk)