Coinbase Challenges IRS Data Demands At US Supreme Court

Coinbase Global, Inc. (NASDAQ:COIN), the largest U.S. crypto exchange, asked the U.S. Supreme Court on Wednesday to hear a case that could restrict the IRS’s ability to monitor crypto transactions on exchanges and other platforms. 

The Details: The case, Harper v. O’Donnell, centers on the IRS’s use of a “John Doe” summons to demand transaction data from Coinbase about thousands of users, even if they weren’t suspected of wrongdoing.Coinbase, along with several states and privacy groups, filed an amicus brief arguing that …

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