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Coinbase Jumps Into Supreme Court Showdown—Fights IRS Over Crypto User Data Grab
Coinbase Jumps Into Supreme Court Showdown—Fights IRS Over Crypto User Data Grab
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Coinbase just threw itself into a legal firestorm. The exchange is battling the IRS in the Supreme Court, arguing against forced handovers of user transaction data—a move that could set a precedent for crypto privacy.
Why this matters: The case tests whether ’anonymous’ crypto transactions stay that way when taxmen come knocking. Coinbase claims the IRS request is overreach; critics say it’s just the cost of doing business in a system built to ’disrupt’ traditional finance (while still begging for its approval).
Bottom line: If the feds win, expect more exchanges to become de facto tax informants—another step toward crypto’s awkward dance with regulation.
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