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

According to Decrypt, Coinbase has joined forces with multiple parties to submit a friend of the court brief, urging the US Supreme Court to accept the Harper v. O'Donnell case and re-examine the applicability of third-party disclosure principles in the digital age. The case originated from the IRS requesting Coinbase to provide transaction data for over 14000 users through a "John Doe subpoena". Coinbase points out that this practice constitutes a "financial foot shackle" monitoring of blockchain users, violating its Fourth Amendment protected privacy rights. The court is expected to decide whether to accept it within this year.