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Crypto User Asks 1st Circuit To Curtail IRS Collection of Records

October 6, 2021
It’s no secret that the Internal Revenue Service suspects thousands of cryptocurrency users of underreporting their tax liability. In 2017, the IRS won a ruling that granted the government access to transaction records belonging to more than 10,000 customers of the virtual currency exchange Coinbase Inc. Last April, the government obtained a similar ruling to see records from Circle Internet Financial…
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Arguments Surrounding Constitutionality of Bump Stocks Hit the Fifth Circuit

October 6, 2021
An attorney told a three-judge panel at the Fifth Circuit Court of Appeals Wednesday afternoon that a federal judge in Texas was mistaken in finding last year that the Bureau of Alcohol, Tobacco, Firearms and Explosives had authority to outlaw bump stocks that enable rifles to fire hundreds of times in minutes. Read the full…
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Nasdaq Board-Diversity Regulations Face Another Court Challenge

October 5, 2021
…The National Center for Public Policy Research on Tuesday submitted a petition with the U.S. Court of Appeals for the Third Circuit to review the regulations the Securities and Exchange Commission approved Aug. 6. Another group, the Alliance for Fair Board Recruitment, previously filed a challenge to the rules Aug. 10 in the U.S. Court of Appeals…
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NH Man Presses 1st Circ. To Revive IRS Crypto Doc Suit

October 5, 2021
A New Hampshire man urged the First Circuit on Tuesday to revive his suit challenging the IRS’ procurement of his records from cryptocurrency platforms, saying federal law prohibiting suits that restrain … Read the full article TweetShareShare0 Shares
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Biz Groups Back Texas, Miss., La. Bid In Tax Cut Limit Suit

October 5, 2021
…In another brief filed in support of the states the same day, limited government advocacy group New Civil Liberties Alliance argued that Congress cannot purchase states’ sovereign taxation power. The group also repeated the states’ argument that the mandate unconstitutionally commandeers state officials. The mandate is Congress’ “boldest power grab in recent history,” Margaret Little,…
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SCOTUS Won’t Hear Appeal Challenging Charlie Baker’s Sweeping Pandemic Powers

October 4, 2021
The U.S. Supreme Court will not hear an appeal of a state court decision that found Gov. Charlie Baker had the right to impose sweeping pandemic-era orders closing businesses, limiting gatherings and requiring masks in an attempt to limit the spread of coronavirus. The nation’s highest court announced without comment on Monday that it would…
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