IRS May not Get as Much Customer Data From Coinbase as Requested

Matchison came to this consideration as a result of several anonymous Coinbase users who decided to fight back against the IRS. These users came to vouch for themselves as well as Coinbase. They want to intervene and oppose government action against Coinbase users. They argued that an unnecessary and over-broad information grab would result in undue harm to many people.

An article from the Recorder clarified:

“Coinbase account holders were seeking to intervene in the matter to oppose the government’s request for the information. Lee Weiss of Berns Weiss, who represents two John Doe account holders, argued that his clients have interests that are distinct from Coinbase’s and that it’s their information that’s at stake.”IRS May not Get as Much Customer Data From Coinbase as They Requested

IRS Loses Private Documents, Gets Hacked Too Easily

In a June 22 “Motion to Intervene” court document, the plaintiffs mentioned that all the excess personal information requested by the IRS could easily be retrieved by hackers. This would compromise personal account information from Coinbase users. The document cited the IRS has not been careful with other people’s documents, and they lose sensitive information to nefarious entities too often. The document clarified: