Coinbase Urges High Court to Hear Client’s Tax Privacy Suit (2)

Coinbase Inc. asked the US Supreme Court on Wednesday to hear a case brought by one of its clients, which challenges the IRS’s demand for cryptocurrency records held by the digital asset exchange.

James Harper, who traded cryptocurrency through Coinbase, asked the high court to review his claim that he possessed a reasonable expectation of privacy using the company’s platform that was violated by an unreasonable IRS summons. The US Court of Appeals for the First Circuit sided with the government, rejecting Harper’s claims that records of his crypto transactions were his property.

Coinbase users should possess that expectation ...