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Elon Musk's X is taking a stand against IRS subpoenas for Coinbase user data, petitioning the Supreme Court to address 'suspicionless' information requests.
What’s the Scoop?
- Supreme Court Involved: Social media platform X has submitted a brief to the U.S. Supreme Court, objecting to the IRS’ use of 'suspicionless' subpoenas.
- IRS Targeting Coinbase: The subpoenas in question relate to Coinbase user data, raising privacy concerns in the crypto space.
- Government Response Pending: The Supreme Court has requested a response from the federal government following X’s challenge.