TechFlow news, July 1 — According to Decrypt, the U.S. Supreme Court on Monday declined to hear Harper v. Faulkender, a case that could have re-examined whether cryptocurrency exchanges must provide customer data to the government. The decision dealt a blow to crypto firms like Coinbase, which had hoped the court would create a privacy exception for blockchain data similar to that of mobile phone records. The case centered on the "third-party doctrine," a long-standing principle allowing the government to obtain customer records from service providers such as banks.
The case involved James Harper, a Coinbase customer whose personal transaction data was obtained by the Internal Revenue Service (IRS) during a broad investigation in which the IRS sought information from over 14,000 cryptocurrency accounts.
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