X Requests U.S. Supreme Court to Halt Law Enforcement From Forcing Companies to Disclose User Financial Data

On April 2nd, as reported by The Block, Elon Musk's social media platform X has submitted a request to the U.S. Supreme Court. The request aims to prevent law enforcement from compelling companies, such as the cryptocurrency exchange Coinbase, to disclose user financial data. In a friend-of-the-court brief submitted to the Supreme Court last Friday, X Corp. stated that the Internal Revenue Service (IRS) had previously obtained Coinbase's transaction records covering three years through a subpoena without a search warrant. These records involved more than 14,000 customers of the exchange, including petitioner James Harper's transaction records. Social media giant X, along with seven other research institutions and advocacy organizations, has jointly expressed concerns about the use of so-called "suspicionless subpoenas." They argue that such requests violate user privacy. X Corporation stated that the IRS "obtained a substantial amount of Coinbase user records through large-scale subpoenas without specific suspicion," thereby infringing on Harper's rights under the Fourth Amendment of the U.S. Constitution.