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On May 5, 2021, another federal district court, this time for
the Northern District of California, permitted the IRS to proceed
with a John Doe summons very similar to the one served on Circle
last month (the subject of a recent post). This time, the Summons seeks
information on customers of a San Francisco-headquartered digital
currency exchange company called Payward Ventures Inc. and
Subsidiaries, d/b/a Kraken. Just like in the Circle case, the
Summons only applies to customers who have engaged in a total of