Thursday, December 8, 2016

The Coinbase case

Swampers issued a John Doe warrant telling coinbase to prodiuce individual identity information, including account number, for traders.

The Law:
Now, the Swampers can likely go to JP Morgan and ask for the list of   a certain group of Libor traders, and their names.  Courts would grant that, based on evidence of collusion at JPM.  The court would not allow the Swampers to peruse all the emials at, the John Doe is too broad.

Coinbase is in the middle.  They only have member account information incidental to their business, they really trade digits and manage databases. Breaking down accounts to individual transactions is incidental money technology. These two list, of themselves, cannot be evidence of anything without additional information.

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