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Coinbase calls on the Supreme Court to restrict the IRS from monitoring cryptocurrency users' behaviors.
On April 30, Gelonghui reported that Coinbase, along with multiple parties, submitted an amicus brief urging the USA Supreme Court to hear the "Harper v. O'Donnell" case, reassessing the applicability of third-party disclosure principles in the digital age. This case originates from the IRS demanding Coinbase to provide transaction data of over 0.014 million users through a "John Doe subpoena." Coinbase points out that this approach constitutes a "financial shackle-type" surveillance on blockchain users, violating their privacy rights guaranteed by the Fourth Amendment of the Constitution. It is expected that the court's decision on whether to accept the case will be made within this year.
Peering Into Coinbase Global's Recent Short Interest
PayPal CEO Says 'Moving Quickly' To Bring Crypto, Stablecoin Benefits To Users — Fintech Giant Partners With Coinbase To Boost Solana-based PYUSD
Is Trump's "crypto president" glow fading? The Bitcoin correction has caused disappointment in the market.
Trump has disappointed Bitcoin investors.
Strong counterattack! Under the impact of Trump's tariffs, Bitcoin's increase this month is twice that of Gold.
① Despite the record-high Gold shining brilliantly in April, when people looked back at the end of the month, it was easy to find an even stronger asset: Bitcoin. ② Data shows that Bitcoin's increase this month has reached twice that of Gold, which has reignited the debate about whether this largest Cryptos can serve as a safe haven during turbulent market times (such as the disputes triggered by the USA's comprehensive tariffs).
Rewriting financial rules: The "new aristocrats" of cryptocurrency and the "old money" of Wall Street embark on a two-way journey!
As traditional Banks and Cryptos companies start to exchange 'identification cards', a cross-industry revolution that disrupts financial order is accelerating under the policy relaxation of the Trump 2.0 era.