PANews reported on April 2nd that according to Bloomberg, Elon Musk's X platform is urging the US Supreme Court to protect the company from subpoenas issued by federal law enforcement agencies without "reasonable suspicion", to avoid being forced to disclose sensitive user financial data. The X platform requested that the judge reconsider the lower court's ruling, which allowed the US Internal Revenue Service to enforce a subpoena for Coinbase customer transaction records in a tax investigation targeting over 14,000 crypto exchange users.

X platform's lawyers argued in a document submitted last week that while the platform stores subscription and advertising data and plans to ultimately provide financial services to users, the Constitution does not allow "warrantless searches of customer records held by third-party service providers" when these companies have signed confidentiality agreements with users.