I'm sure everyone here has been following this case! I am glad to see them stepping in, it is waaaaay more than broad!
“The summons is estimated to affect 500,000 active Coinbase customers and would result in the production of millions of pages of associated records, many of which contain personally identifiable information … Based on the information before us, this summons seems overly broad, extremely burdensome, and highly intrusive to a large population of individuals,” says the letter, which is signed by Sen. Orrin Hatch (R-Ut), Chairman of the Senate Finance Committee, and by Vern Buchanan and Kevin Brady, who head the House Committee on Ways and Means. (my emphasis)
They have also asked for some guidelines from the IRS on how it plans to handle crypto by July 7 ...the saga continues
For more info on this story go to http://www.abitofnews.com/irs-bitcoin-probe-of-goes-too-far-says-republicans/?dao_ref=Zkd9QZkOPH