Does IRS see Coinbase?

I'm curious, does the Internal Revenue Service (IRS) have visibility into transactions made on Coinbase, a popular cryptocurrency exchange? With the increasing popularity of digital currencies and the potential for tax evasion, it's important to understand how regulatory bodies like the IRS are monitoring these transactions. Are they actively tracking Coinbase users' activities, or is there a gap in their oversight? As a taxpayer and cryptocurrency enthusiast, I'm eager to ensure that I'm complying with all relevant tax laws and regulations.