The IRS has shown significant activity in the cryptocurrency sector recently. On Friday, two key directors announced their departures.
Deferred Resignations
Over 20,000 IRS staff have accepted deferred resignation offers introduced by the Trump administration, including Wilks and Mukherjee who were involved in regulating digital assets. They went on paid administrative leave Saturday; insiders indicated this decision should not affect the IRS’s stance on cryptocurrency regulations.
Both directors will remain on this leave until September, ahead of expected layoffs within the agency.
This marks a significant change in leadership as the IRS anticipates a shift in its approach to managing cryptocurrency regulation.
