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Vikrant Sharma: Third-Party Doctrine Opens Crypto to Unchecked Financial Surveillance
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Vikrant Sharma: Third-Party Doctrine Opens Crypto to Unchecked Financial Surveillance
On July 7, 2025, the U.S. Supreme Court declined to review Harper v. Faulkender, by upholding the third-party doctrine’s application to public blockchain data. By treating on-chain transaction records like bank statements shared with a financial institution, the Court effectively green-lit broad IRS and law-enforcement surveillance of every Bitcoin transaction ever made. According to Vikrant Sharma, CEO of Cake Labs (Cake Wallet), this is a shi…
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