IRS Cleared To Seek Info On Circle's Crypto Customers

By Elise Hansen (April 1, 2021, 8:38 PM EDT) -- A Massachusetts federal court will let the Internal Revenue Service seek identifying information on some of Circle's major cryptocurrency customers, the U.S. Department of Justice said Thursday.

The so-called John Doe summons would request information about U.S. taxpayers with at least $20,000 in cryptocurrency transactions from 2016 to 2020, the announcement said. The IRS is pursuing records for those who "engaged in business with or through" Circle Internet Financial Inc. and its affiliates, the announcement said.

The summons seeks identifying information about the users as well as documents related to their transactions, according to the DOJ's announcement, which also noted Circle...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!