DIS

The U.S. government urges the Supreme Court to dismiss Coinbase users' challenge against the IRS for obtaining crypto records

ChainCatcher news, according to Cointelegraph, on May 30, the U.S. government submitted documents to the Supreme Court requesting to dismiss Coinbase user James Harper's appeal against the IRS's acquisition of his cryptocurrency transaction records. Attorney General D. John Sauer stated that under the Fourth Amendment, Harper does not have a right to privacy regarding the financial records stored on Coinbase, as this data was "voluntarily" shared with the exchange, and the IRS obtained it through lawful judicial procedures.The case stems from the IRS's cryptocurrency tax investigation in 2016, when the agency discovered that a large number of Coinbase users had not reported their crypto gains, subsequently obtaining a "John Doe" subpoena requiring the exchange to submit records of high-volume users. Harper filed a lawsuit claiming this constituted an unconstitutional search, but lower courts ruled that Coinbase records are commercial documents rather than personal private documents, and the IRS's actions were lawful.The government cited precedents such as United States v. Miller to emphasize that users have no reasonable expectation of privacy regarding financial records held by third parties, and Coinbase's privacy policy clearly warns that information may be shared with law enforcement agencies.The Supreme Court has yet to decide whether to hear the case. If it declines, it will uphold the First Circuit Court of Appeals' ruling in support of the IRS.

Democratic Congressman demands Trump to disclose the guest list of the TRUMP dinner

ChainCatcher news, according to The Guardian, as questions about the deep and secret ties between the Trump administration and the cryptocurrency industry continue to escalate, a senior Democratic member of the U.S. House of Representatives is calling for Trump to disclose the guest list of a private dinner held last week for major investors in his meme coin TRUMP.At a star-studded cryptocurrency conference in Las Vegas this week, as the Trump administration rolled out the red carpet for the industry, Congressman Jamie Raskin from Maryland, the top Democratic member of the House Judiciary Committee, called on Thursday for an investigation into the private dinner held last week at Trump’s golf club in Virginia, which was specifically for major buyers of his TRUMP digital token.In a letter, he wrote: "Releasing this list will inform the American public about who is putting tens of millions of dollars into our president's pocket, so we can start to figure out what they got in return for this huge amount of money, besides a virtually worthless meme coin."As U.S. Vice President JD Vance and other senior officials from the Trump administration appeared in Las Vegas on Wednesday and Thursday to attend the "Bitcoin 2025" conference, actively promoting the U.S. government's crypto-friendly policies to industry leaders and investors, Raskin's call for investigation was also made.
ChainCatcher Building the Web3 world with innovators