🏛 US Supreme Court Ruling Sparks Crypto Privacy Concerns

đŸ‡ș🇾 In a landmark decision, the US Supreme Court has ruled against Coinbase users, siding with the IRS in a case involving access to user data on the exchange.

⚖ The ruling upholds the IRS's authority to issue summonses for crypto user information—setting a precedent with far-reaching implications for:

▫ User privacy

▫ Crypto taxation

▫ Regulatory oversight

🌐 While the goal is greater tax compliance, the ruling raises serious questions about data privacy and government access to financial records in the decentralized era.

#Crypto #Coinbase #IRS #Regulation #Blockchain

https://coingape.com/us-supreme-court-raises-privacy-concerns-in-ruling-against-coinbase-users/?utm_source=bnb&utm_medium=coingape