Coinbase calls on the Supreme Court to limit IRS monitoring of cryptocurrency user behavior

ChainCatcher news, according to Decrypt, Coinbase has jointly submitted an amicus brief urging the U.S. Supreme Court to hear the case "Harper v. O'Donnell," re-evaluating the applicability of third-party disclosure principles in the digital age.

The case originated from the IRS's request for Coinbase to provide transaction data for over 14,000 users through a "John Doe subpoena." Coinbase pointed out that this practice constitutes "financial shackles" monitoring of blockchain users, violating their privacy rights protected by the Fourth Amendment of the Constitution. A decision on whether the court will hear the case is expected within this year.