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Elon Musk, via his platform X, has filed a brief with the U.S. Supreme Court challenging the IRS’s practices regarding access to Coinbase user data. This initiative is part of a broader debate on privacy protection in the crypto space. X Corp, Elon Musk’s company that manages the X platform, filed an amicus curiae brief with the U.S. Supreme Court on Friday, contesting the IRS’s methods. The company specifically denounces the use of so-called “no-suspicion” subpoenas allowing the tax authorities to access, without a judicial warrant, the financial data of users on platforms like Coinbase. The case highlights how the tax authorities obtained, through simple administrative subpoena, three years of transaction statements concerning over 14,000 Coinbase customers, including James Harper, the main plaintiff. Alongside seven advocacy groups and researchers, X Corp denounces these “no-suspicion subpoenas” as a violation of the Fourth Amendment, which protects Americans against unreasonable searches. Following this request, the Supreme Court asked the federal government on Monday to formulate an official response, highlighting the importance of this case. The dispute dates back to 2020 when James Harper sued the IRS to contest the seizure of his personal information related to cryptos. In 2023, a federal court ruled in favor of the IRS, determining that the tax agency was acting within the scope of its legal prerogatives. The current appeal before the Supreme Court thus marks a new stage in this legal battle, with potentially significant implications for the protection of digital financial data. This initiative perfectly aligns with Elon Musk’s vision regarding digital governance. The billionaire, who recently sold his platform X to his own company xAI for 33 billion dollars, has always positioned himself as an advocate for privacy and freedom of speech. By taking a stand for the protection of cryptocurrency users’ data, Musk strengthens his credibility among the tech and crypto communities, particularly sensitive to privacy issues. The Supreme Court’s verdict could redefine the limits of state power in relation to digital privacy. This case resonates with the recent case of Tornado Cash , a crypto mixing protocol ultimately removed from the OFAC blacklist after a court ruled that the agency had overstepped its authority. This case resonates with the recent case of Tornado Cash , a crypto mixing protocol ultimately removed from the OFAC blacklist after a court ruled that the agency had overstepped its authority, illustrating the growing tensions between state regulation and digital freedoms.

In a Monday evening interview with Larry Kudlow on Fox Business, Senator Tommy Tuberville (R-Ala.) voiced strong support for President Trump’s latest economic agenda, particularly its emphasis on deregulation and access to cryptocurrency. Tuberville, the sitting Senator since 2021, spotlighted his “Freedom’s Act,” a policy that would allow Americans to invest their retirement funds in Bitcoin ( BTC ) and other altcoins . Tuberville introduced his act in 2022 and 2023 but it failed to make any notable progress. He hopes that now with the backing of President Donald Trump his vision can become a reality. “President Trump has become the crypto president and we want to help him with this,” he said. “This would be something good for everybody… diversify. It’s a free country., do what you want with your money. Tuberville contrasted Trump’s crypto-friendly policies with what he described as the Biden administration’s that “didn’t want anything to do with crypto.” The senator linked the pro-crypto stance to Trump’s wider economic vision, which includes deregulation, tax cuts, energy independence, and trade reform. He argued that deregulation through executive orders is a necessary move to counter Democrat opposition and provide Americans “a chance to breathe for once” after four years of being “strangled.” “We have to get this done… if we’ve got to stay up here every night, all through the weekend,” Tuberville said. “American people have to know that the tax cuts are going to be done and done permanently.” As Trump’s “Liberation Day” announcement approaches, Tuberville made it clear: crypto is no longer a fringe issue, rather it’s at the center of the GOP’s economic strategy.

Hut 8 CEO Asher Genoot discussed in a Bloomberg interview the logic behind the newly launched American Bitcoin venture. Genoot, speaking on Bloomberg TV in a joint interview with Eric Trump, said that Hut 8 is not starting its venture with members of the Trump family from scratch. Instead the venture is launching as a “scaled mining operation from day one.” Hut 8 will contribute its mining rigs in exchange for an 80% stake in American Bitcoin, allowing the venture to begin with substantial infrastructure and operational capacity to mine Bitcoins ( BTC ). “We’ll contribute our rigs into the entity in return for an 80% stake,” Genoot said. “And then we’ll go build and scale and build this business together rather than from kind of a startup,” Genoot said. He also highlighted that the company plans to go public in the future, positioning itself as a “pure play” Bitcoin miner that can produce BTC more cheaply than buying it outright. American Bitcoin will focus on holding Bitcoin on its balance sheet, building a strategic reserve, and establishing itself as a major player in the sector. “The vision here is to give shareholders a pure play mining company that has the ability to produce Bitcoin cheaper than just buying it.” he said. “And so continuing to build the strategic reserve and be one of the largest Bitcoin miners and Bitcoin holders out there.” Genoot framed the partnership with Eric Trump and American Data Centers as a synergy between crypto and America’s energy infrastructure. He said “we believe in Bitcoin, we believe in America” and the energy infrastucture in place. He also indicated strong support for broader adoption of Bitcoin at the state and federal level. He noted multiple state governments are exploring strategic reserves of their own but his venture will “lead by example.”

OpenAI makes a big move. With a funding round led by SoftBank, the AI company secures 40 billion dollars. Result: its valuation rises to 300 billion. A strong signal for the entire tech industry! It seems that AI company OpenAI is entering a phase of unprecedented growth. The financial contribution of 40 billion from SoftBank is indeed the largest private fundraising ever recorded in the technology sector. OpenAI’s valuation now reaches 300 billion dollars, positioning it just behind SpaceX in the ranking of the most valued private companies. The majority of the funds aim to strengthen technological infrastructure. OpenAI plans to allocate 18 billion to the Stargate project. This program aims to create a vast network of data centers specializing in AI in partnership with Oracle, SoftBank, and other industry players. In its statement , OpenAI claims it wants to use these resources to develop systems capable of: The technical ambitions are accompanied by a long-term vision. OpenAI aims to establish itself as the architect of a centralized, high-performance, and sustainable global AI. OpenAI will first receive 10 billion from SoftBank. To unlock the remaining 30 billion, the AI company will need to move away from its hybrid model to adopt a fully capitalist status. Indeed, the clause included by SoftBank stipulates a reduction of its investment to 20 billion if the legal transition does not occur before December 31, 2025. This shift therefore implies a formal disengagement from the historical non-profit branch, founded in 2015. It will require the approval: According to experts, this change could emerge internal tensions. Elon Musk, co-founder of OpenAI and a recurring critic of its governance, could indeed oppose this reconfiguration. Beyond legal considerations, the shift in model also raises questions about the very identity of the company: can it still embody a beneficial and open AI while yielding to the most classical financial logics? In any case, OpenAI confirms (once again!) its role in the AI revolution. Its future will depend on its ability to reconcile technological ambitions, economic demands, and ethical responsibilities, as shown in the roadmap recently unveiled by Sam Altman .

Chinese gaming firm The9 secures $8M strategic investment from crypto investment funds The9 Limited, a Nasdaq-listed Chinese gaming company, has raised $8 million in strategic investment from three crypto investment funds, including Elune Capital, Fine Vision Fund and Bripheno