Supreme Court Case: X Corp. Challenges IRS Subpoenas for Coinbase User Data

A landmark legal battle is escalating to the US Supreme Court, involving Elon Musk’s X Corp., formerly Twitter, and the Internal Revenue Service (IRS). The social media giant is challenging the IRS’s authority to obtain broad user records from Coinbase users as part of a broader investigation targeting over 14,000 individuals. This appeal could significantly impact the future of privacy protections for cryptocurrency users nationwide.