Coinbase files brief with US Supreme Court in support of taxpayers’ privacy

COUNBASE DE CRYPOTO-MONSIED in the United States has submitted an AMICUS file to the country’s supreme court to support a taxpayer fighting against the Internal Revenue Service (IRS) has access to its data from a digital asset platform.

In a file of April 30 at the Supreme Court of the United States (Scotus), Coinbase lawyers argued that a decision of the Court of Appeals circuit established a “dangerous precedent” for crypto users, potentially allowing the government to “trace users of each cryptographic transaction in the past and monitor each crypto transaction in the future”. The call to the Supreme Court came from the petitioner James Harper, a user of Coinbase, who brought legal action for the IRS after the exchange of crypto was forced to hand over transaction data to the government using a radical “John Doe” assignment in 2017.

“This affair directly affects Coinbase’s interest in protecting rights to the confidentiality of its users and in the correct application of the doctrine of this Court on constitutional guarantees against government requests without mandate for third -party service providers to make personal information from users,” said the brief.

“If the decision of the first circuit is authorized to stand, the fourth amendment will not provide any protection to millions of laws that regularly share personal information with third parties who store, transmit or provide omnipresent services,” he added.

A friendly thesis is a file in support of an applicant by an entity which is not directly involved. The case in court has the potential to define important precedents for digital confidentiality rights for Crypto users and how IRS will be authorized to collect data on taxpayers. The American district court of the New Hampshire district and the first circuit ruled against Harper’s request, leaving the Supreme Court as its last option for an appeal.

In relation: IRS Crypto Tax Reporting Rules threatens to industry – Coinbase Legal Chef

“We believe in fiscal compliance, but it goes far beyond a close and personalized demand and far beyond the crypto,” said Coinbase Leader-Chief Director Paul Grewal, in a post of April 30. “This applies to banks, telephone companies, ISPs, emails, you call it […] You should have the same confidentiality right for your reception box or your account that you have for a letter in your mailbox. “”