Evidentiary Hearing 19 In the event the Court does not deny the Government’s petition to enforce outright, which 20 the Court is not doing, Coinbase requests an evidentiary hearing. And the information the Court has ordered produced is relevant and no more 23 than necessary to serve that purpose. It It is not yet known whether they plan to withdraw their lawsuit or push the IRS to further limit the scope of their summons. The IRS’s 9 failure to provide further guidance after its 2014 notice does not satisfy the “specific facts and 10 evidence” standard to support a finding of an improper purpose.
Utzke is a senior revenue agent in the IRS’s offshore compliance initiatives program and is 21 assigned to virtual currency matters irs bitcoin coinbase. If there is not, these additional records will not shed any light 24 on a legitimate investigation. About The Author JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. 20 Utzke is familiar with the methodology used to conduct the search and discussed the query with 21 the program analyst.
The value of Bitcoin didnât show much volatility in the aftermath of this new development and traded at around $2400. It remains to be seen if the overall Bitcoin community will be pleased with this development. The party 23 opposing enforcement is required “to do more than allege an improper purpose.Lisk.. .