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U.S. Government Pushes Supreme Court to Axe Coinbase Privacy Lawsuit
U.S. Government Pushes Supreme Court to Axe Coinbase Privacy Lawsuit
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In a move that’s got crypto advocates seeing red, the Biden administration just urged the Supreme Court to toss a privacy lawsuit against Coinbase—no explanation, no compromise.
Behind the scenes: This isn’t just about user data—it’s a power play. Regulators want centralized exchanges under their thumb, while the industry fights for decentralized ideals (and, let’s be honest, fewer compliance headaches).
The kicker? If the court sides with the feds, it could set a precedent that kneecaps privacy protections across Web3. But hey—at least Wall Street will get another regulatory win to celebrate over martinis.
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