Coinbase Challenges IRS Data Demands At US Supreme Court

Coinbase asked the U.S. Supreme Court to hear a case that could limit the IRS’s authority to monitor crypto transactions across exchanges and digital platforms, according to Benzinga. The case challenges the IRS’s use of a summons to collect Coinbase user data without suspicion. Coinbase argued that the "third-party doctrine" is outdated in the digital age, as people routinely share data with companies and should not forfeit their privacy rights. The company warned that warrantless IRS data collection enables sweeping surveillance of users’ financial activity and urged the Court to affirm Fourth Amendment protections for digital financial records.