PANews reported on April 2 that according to Bloomberg, Elon Musk's X platform is urging the US Supreme Court to protect companies from subpoenas issued by federal law enforcement agencies "without reasonable suspicion" so as not to be forced to disclose sensitive user financial data. X platform asked the judge to reconsider the lower court's ruling, which allowed the IRS to enforce a subpoena for Coinbase customer transaction records in a tax investigation of more than 14,000 users of the crypto exchange.

Lawyers for Platform X argued in a filing last week that Platform X, which stores subscription and advertising data and plans to eventually provide financial services to users, is constitutionally prohibited from "submitting warrantless searches of customer records held by third-party service providers" when the companies have nondisclosure agreements with users.