Does Coinbase send data to IRS?

Could you please clarify if Coinbase, a popular cryptocurrency exchange platform, shares any user data with the Internal Revenue Service (IRS) in the United States? Specifically, I'm wondering if Coinbase reports transactions or other financial information of its users to the IRS for tax purposes, and if so, what kind of data is disclosed and under what circumstances? It's important for cryptocurrency investors to understand their tax obligations and how their transactions may be monitored by authorities.