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Look away, IRS 🙈
Coinbase wants the Supreme Court to hear a case that could limit the IRS's ability to monitor crypto transactions.
Stacy Elliott
April 30, 2025
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📝 What you need to know
Coinbase is fighting hard for digital privacy laws.
The San Francisco-based crypto exchange has signed onto an amicus brief urging the Supreme Court to hear Harper v. O’Donnell. The case calls into question how the third-party doctrine should be applied in the digital age.
The doctrine, dating back to the 1970s, holds that individuals lose their expectation of privacy when they voluntarily share information with third parties like banks, phone companies, or, in this case, crypto exchanges.
The main thrust of Coinbase’s argument is that users should not have to surrender their right to privacy because they store information with a third party.
📊 MYRIAD Market of the Day
💬 Quote of the Day
““Exposure of a person’s identity on the blockchain opens a potentially wide window into that person’s financial activity… easily ascertain[ing] all transactions the person has made using that address—or track future transactions.”
