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Musk's X platform urges Supreme Court to protect Coinbase users from IRS investigation
Editor
2025-04-02 11:03 1,182
On April 2, Elon Musk's X platform is urging the U.S. Supreme Court to protect companies from subpoena requests issued by federal law enforcement agencies in the event of "no reasonable doubt" to avoid being forced to disclose sensitive user financial data. X Platform asked the judge to reconsider the lower court's ruling that allowed the IRS to enforce a subpoena against Coinbase client transaction records in a tax investigation against more than 14,000 users on the crypto exchange. X Platform's lawyers argued in a filing filed last week that X Platform stores subscription and advertising data and plans to ultimately provide financial services to users, but under the Constitution, the Constitution does not allow "a writless search of customer records held by third-party service providers" when these companies sign confidentiality agreements with users.
Keywords: Bitcoin
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