The US Internal Revenue Service (IRS) has dealt the latest blow in the ongoing Coinbase legal saga, involving the use of a "John Doe" summons, affecting up to three million US taxpayers. In an email sent on Friday afternoon, IRS spokesperson John Young said that it had received notice from Coinbase, which is based in San Francisco, and was "currently reviewing its options." In a statement, Berns said the IRS "does not have a legitimate purpose in seeking substantial personal and financial information".
The US Internal Revenue Service (IRS) has dealt the latest blow in the ongoing Coinbase legal saga, involving the use of a "John Doe" summons, affecting up to three million US taxpayers. Jeffrey K Berns, a managing partner of Berns Weiss and Coinbase customer, filed a motion as an intervenor to set aside the John Doe motion, prompting the IRS to withdraw its subpoena against him, as it said he identified himself as a Coinbase user. In a statement, Berns said the IRS "does not have a legitimate purpose in seeking substantial personal and financial information".