The US Supreme Court won’t consider whether to shield a Coinbase Inc. client’s records of his cryptocurrency transactions from an IRS summons, the court announced in an order on Monday.
James Harper, who used Coinbase’s platform to exchange digital assets, asked the high court to review his petition to quash an IRS summons seeking his account activity, including exchange dates, balances, and counterparties to his transactions. Harper appealed the US Court of Appeals for the First Circuit, which upheld the summons in September.
The appeals court rejected Harper’s arguments that the IRS violated his reasonable expectation of privacy when using ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.