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News & Press: US Department of Justice

Court Authorizes Service of John Doe Summons Seeking Identities of Cryptocurrency Users

Thursday, April 1, 2021  
Posted by: U.S. Department of Justice

The United States Department of Justice

04/01/2021 12:00 AM EDT

A federal court in the District of Massachusetts entered an order today authorizing the IRS to serve a John Doe summons on Circle Internet Financial Inc., or its predecessors, subsidiaries, divisions, affiliates, including Poloniex LLC (collectively “Circle”), seeking information about U.S. taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency during the years 2016 to 2020. The IRS is seeking the records of Americans who engaged in business with or through Circle, a digital currency exchanger headquartered in Boston.

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