An investor's challenge to the Internal Revenue Service's (IRS's) seizure of his cryptocurrency-exchange records has teed up a showdown with the government at the U.S. Court of Appeals for the First Circuit over privacy rights and how the "third-party doctrine" applies in the digital age.

The Boston-based appeals court will consider a question-of-first-impression next month about whether the IRS violated a crypto trader's Fourth Amendment rights by obtaining his financial information from Coinbase without a warrant. The outcome could affect the government's ability to tax cryptocurrency profits.

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Avalon Zoppo

Avalon Zoppo is an appellate courts reporter for The National Law Journal. Contact her at [email protected]. On Twitter: @AvalonZoppo.

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