Home > Quick > Body

Coin Center Wins Right to Sue US Treasury and IRS Again

clock
2024-08-19 13:20:07
Cryptocurrency think tank Coin Center has won approval from the U.S. Court of Appeals to reopen a lawsuit against the Treasury Department and the Internal Revenue Service. In 2022, Coin Center sued them over a controversial amendment to the U.S. tax code that requires people to disclose certain crypto transactions to the IRS, as well as the personal details of participants in those transactions. Coin Center argued that the amendment violates the U.S. Constitution and is evidence of "overbearing surveillance" of crypto users. (CoinDesk)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.