According to Eleanor Terrett, Coinbase has formally requested the Supreme Court to limit the IRS's authority to surveil cryptocurrency users on exchanges, arguing that the Fourth Amendment should offer stronger protection for digital financial data (source: Eleanor Terrett on Twitter, April 30, 2025). This legal move could significantly influence compliance requirements and privacy expectations for crypto traders, potentially affecting trading volumes and user behavior on major crypto exchanges if the Supreme Court rules in favor of Coinbase.