A Bitcoin investor in New Hampshire has filed a lawsuit against the Internal Revenue Service after he received a letter from the IRS inquiring about his digital currency holdings.
The IRS has been cracking down on cryptocurrency holders, receiving the names of approximately 13,000 customers of the Coinbase exchange after issuing John Doe summonses in 2018, after a protracted court battle. Last year, the IRS also wanted to issue summonses to another cryptocurrency exchange, Bitstamp, but a judge ordered the IRS to limit its summonses, as it was forced to do with Coinbase as well.