From our private database of 30,900+ case briefs...
United States v. Coinbase
United States District Court for the Northern District of California
120 A.F.T.R. 2d 2017-6671 (2017)
Coinbase, Inc. (defendant) was a virtual-currency exchange that handled most of the bitcoin transactions in the United States. Although Coinbase served almost six million customers and handled six billion transactions, only 900 taxpayers had filed income-tax returns listing bitcoin as property. The Internal Revenue Service (IRS) (plaintiff) believed that Coinbase users were regularly failing to report their taxable gains related to bitcoin transactions. The IRS served a summons on Coinbase seeking information about most of Coinbase’s customers, including account-opening records, correspondence between Coinbase and account owners, Know-Your-Customer due-diligence records, copies of licenses or passports, wallet addresses, transaction logs, account statements, and public keys for wallets. Coinbase failed to comply, and the IRS petitioned to enforce the summons. While petitioning, the IRS narrowed its summons to request information for just 10,000 of Coinbase’s customers.
Rule of Law
Holding and Reasoning (Corley, J.)
What to do next…
Unlock this case brief with a free (no-commitment) trial membership of Quimbee.
You’ll be in good company: Quimbee is one of the most widely used and trusted sites for law students, serving more than 553,000 law students since 2011. Some law schools—such as Yale, Berkeley, and Northwestern—even subscribe directly to Quimbee for all their law students.Unlock this case briefRead our student testimonials
Learn more about Quimbee’s unique (and proven) approach to achieving great grades at law school.
Quimbee is a company hell-bent on one thing: helping you get an “A” in every course you take in law school, so you can graduate at the top of your class and get a high-paying law job. We’re not just a study aid for law students; we’re the study aid for law students.Learn about our approachRead more about Quimbee
Here's why 553,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 30,900 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.