US Court AllowsS to View Bitstamp Customer Information

US federal judge allowed theS to demand information about users’ assets from Bitstamp crypto exchange, although the agency was also ordered to reduce the number of requests.

TheS’s involvement with the cryptocurrency industry continues to increase. This, in turn, has irked quite some crypto users. One resident of Washington even sent a request to the Washington County District Court, asking for a court order that would stop theS from receiving information about Bitstamp exchange’s users.

However, the court rejected the request, and it allowed the Internal Revenue Service to continue storing data, only ordering it to reduce the number of requests. The Washington resident in question, William Zietzke, presented two arguments to the court.

The first one was that the crypto user has a constitutional right to financial integrity, and the second, third parties (such as theS) should not be trusted with protecting the personal information of exchanges’ users.

Zietzke and theS

According to new information, Zeitzke attempted to cancel theS disclosure requests for Bitstamp due to the agency’s efforts to check the crypto exchange’s transactions and other data. Supposedly, he reported a capital gain of $104,482 in 2016. However, he then realised that two of the reported crypto transactions — the ones that earned him the largest amounts — did not take place in 2016.

Instead, his real capital gain from 2016 was only $410. He then demanded the return of taxes that he paid, which caused the tax agency to request information from Bitstamp. Tsitske then argued that theS already had the data it needed and that they did not take the proper administrative steps required by the law.

While the judge agreed that theS’ request was ambitious, he also allowed it, stating that crypto transactions have tax consequences.

TheS’s concerns with cryptocurrencies are nothing new, especially when it comes to potential tax evasion. Only days ago, Bitcoinist reported the agency’s concerns regarding Bitcoin ATMs and kiosks, stating that they need regulating like any exchange.

The agency even attempted to publish guidance regarding the tax treatment of cryptocurrencies, although its failure to include De Minimis Exception was heavily criticized. The agency explained its decision by saying that including it would only significantly burden theS.

What do you think about Tsitske’s case against theS? Do you agree with the court’s ruling? Let us know your thoughts in the comments below.

Images via Shutterstock

JuiceStorm TV

Trading The UK, IE, US And AU Betfair Horse Racing Markets 24/7

The Betfair selections we are trading above are UK time. Only filled trades or bets appear on JuiceStorm TV.

Unsure how to get involved? Take a look here.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

2023 less markets were traded – 17,459 – but a with a similar profit to 2022.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 48,094 Betfair markets traded are here and the charts are here.

Top 100 Comments on

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.

Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of that has zero human input.

Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.