Coinbase Customer Doubles Down on Legal Action Against IRS
The lawyer fighting a one-man battle against the IRS on behalf of thousands of Coinbase customers has not been swayed by the tax agency's efforts to appease him. Instead of pacifying Coinbase user Jeffrey Berns, the IRS’s change of tack seems to have made him more determined to carry on the fight. In response to a motion to intervene on behalf of Coinbase users filed by Berns via his law firm, Berns Weiss, the IRS yesterday submitted its own amendment to its request for the personal information of thousands of the firm's customers. Since Berns had revealed himself as a Coinbase user in his....
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Jeffrey Berns, an attorney representing Coinbase in its legal fight against the Internal Revenue Service summons to provide customer information, recently filed a response to the “John Doe” summons, asking the court to quash the summons in its entirety, order a limited hearing and discovery into government’s good faith, or reconsider its decision to grant the IRS petition. Berns’ motion calls the IRS summons “unprecedented use” of the IRS John Doe summons procedure. Coinbase has said it is committed to customer privacy and opposes the government’s efforts to gain customer information.....
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Coinbase faces a class action lawsuit against its involvement in the Cryptsy fiasco. Read more... Coinbase is courting one trouble after another. Following the latest issue with the IRS, the cryptocurrency company has another legal challenge to face. This time, it is a class action lawsuit by Silver Law Group and Wites & Kapetan regarding the platform’s alleged involvement in $8 Million theft by Cryptsy’s promoter Paul Vernon. The nationwide class action lawsuit against Coinbase has been filed in the United States District Court for the Southern District of Florida. According to....