Recent personnel changes at the U.S. Internal Revenue Service (IRS) have seen the departure of two high-profile crypto directors as part of a broader reorganization initiated by the Trump administration.
Reasons for Directors' Departure
Seth Wilks and Raj Mukherjee were reportedly told to accept deferred resignations, meaning they are technically still employed but have effectively been pushed out as part of a government-wide cleanout.
DOGE's Role in the Changes
DOGE (Department of Government Efficiency) has emerged as a key player in the restructuring process. Both directors were hired to improve IRS's approach to taxing crypto, including launching the new tax form 1099-DA to help Americans report crypto-related income.
Impact on IRS and the Crypto Industry
The departure of Wilks and Mukherjee is part of a broader wave of staff cuts at the IRS. Over 20,000 IRS employees are also being placed on deferred resignations as part of the efficiency drive stated by the Treasury department.
The changes at the IRS could significantly impact crypto regulation in the U.S., as the Trump administration seeks to alter previously established rules for management and taxation.
