Coin Center Successfully Appeals Suit Against the US Treasury and IRS
Publication Time:2024-08-19 21:24:07
A recent announcement by the cryptocurrency research institution, Coin Center, revealed that they have been granted permission by the US Court of Appeals to revisit their lawsuit against the US Treasury and Internal Revenue Service (IRS). This legal action originated in 2022 when Coin Center opposed a controversial amendment to the US tax law. The amendment required individuals to disclose specific cryptocurrency transactions and their participants to the IRS. Coin Center argued that this amendment violated the US Constitution, constituting an overreach of surveillance on cryptocurrency users, thereby infringing upon their privacy rights. The appeal is expected to have significant implications for the cryptocurrency community and legal circles, potentially leading to further refinement of cryptocurrency-related regulations and protection of user rights.
Cryptocurrency
lawsuit
US Treasury
Coin Center
Internal Revenue Service (IRS)
constitutional rights