Coinbase, a popular crypto exchange operating in the United States, has taken another notable step in the favor of financial privacy of the citizens. As per Paul Grewal, Coinbase’s Chief Legal Officer, the crypto exchange has submitted an amicus brief with the United States Supreme Court while confronting the controversial 3rd-party doctrine. The executive took to social media to reveal this development.

Coinbase Submits Amicus Brief Filing with U.S. Supreme Court to Confront Controversial Privacy Doctrine

Paul Grewal discussed the amicus brief challenges the long-held “third-party doctrine.” It is a legal principle responsible for dramatically restricting the privacy protections of the U.S. residents when they share personal data with 3rd parties. It reportedly says that on sharing the information with a 3rd party, the owner has no reasonable grounds to expect privacy. Hence, in its filing with the U.S. Supreme Court, Coinbase is taking a stand against it while labeling it as a dangerous privacy right violation.

The above-mentioned 3rd-party doctrine builds on a series of decisions made by the U.S. Supreme Court back in the year 1970s. This doctrine permits government organizations to reach personal data from entities like internet service providers, phone carriers, and banks without a warrant. On the other hand, privacy supporters have long been categorizing the doctrine as outdated during the current digital age.

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The latest legal push by Coinbase against this doctrine is resulted from a direct experience with authoritative overreach. Back in 2017, the United States Internal Revenue Service released an outright request demanding the financial data about up to 500K Coinbase consumers. Thus, the company strongly confronted this on the behalf of the consumers. As a result of these efforts, the request’s scope was narrowed down to a significant extent.

Crypto Exchange Attempt to Restore Privacy Rights for U.S. Citizens

Nevertheless, to prevent a privacy breach on the US citizens, Coinbase has now moved forward and filed the amicus brief. Additionally, Grewal asserted that this endeavor should not be considered an attack on the rightful tax enforcement. Moreover, according to Coinbase, the American citizens should have equal privacy expectation for financial records and digital communication as they have in the case of personal letters delivered via the postal system.