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Judge Upholds IRS Authority Over Coinbase User Data

Press Releases Crypto News BeInCrypto Judge Upholds IRS Authority Over Coinbase User Data

In a landmark ruling that could ripple through the crypto market, the judiciary has backed the Internal Revenue Service’s (IRS) power to procure personal data from Coinbase. This decision spotlighted the stringent authority the IRS commands in its pursuit of tax compliance.

It is a striking tale of the powerplay with the IRS emerging victorious against a crypto user’s privacy infringement claims.

IRS’s Powers Affirmed in Coinbase User Data Controversy

In a court session, District Court Judge Joseph N. Laplante dismissed the objections presented by James Harper, who argued against the IRS’s seizure of his personal data.

Laplante upheld that the IRS’s methods, including obtaining personal data through a summons, did not encroach on Harper’s rights to a fair hearing or protection from unreasonable searches and seizures. This reaffirmed the broad mandate that the IRS holds, allowing it to release summonses in a wide range of circumstances.

An interesting aspect of the case was Harper’s argument. He affirmed that his privacy rights were violated, which found little support in interpreting the Fourth Amendment.

If you’re concerned about preserving your privacy rights while trading cryptocurrencies, consider exploring our guide on the ‘7 Best Bitcoin ATMs With Low Fees and High Privacy‘

Judge Laplante noted that Harper had willingly disclosed his information to Coinbase. Moreover, the firm’s privacy policy warned of potential government requisitions. This considerably undermined Harper’s position, as disclosing information to Coinbase was voluntary.

Furthermore, Laplante dismissed Harper’s assertion of violating his Go to Source to See Full Article
Author: Bary Rahma

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