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DeFi Education Fund files amicus brief on financial privacy issues in IRS case

DeFi Education Fund (DEF) has submitted a friend of the court brief urging the US Supreme Court to consider the uniqueness of encryption technology when evaluating privacy rights. This case marks the first opportunity for the US Supreme Court to weigh the Fourth Amendment rights of cryptocurrency users in the context of an IRS investigation. The case, titled "United States v. James Harper," revolves around the government's order for cryptocurrency exchange Kraken to provide data related to cryptocurrency transactions, including those of Harper and over 14,000 others, for tax enforcement purposes.

Kraken has stated that it is attempting to fight this order, as it believes it is an overreach and that these requests could potentially leak users' personal data such as IP addresses, net worth, employment data, and sources of wealth.

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