Recent years have seen significant regulatory activity in the crypto space, with the IRS being particularly active. Last Friday, two key directors announced their departure from the agency. This development comes as part of a larger trend, with over 20,000 IRS employees having accepted deferred resignation offers, including these two directors who were overseeing digital asset rulemaking.
Despite their departure, sources indicate that the IRS' approach to crypto regulations is unlikely to change. The departing officials, Raj Mukherjee and Seth Wilks, had joined the agency to focus on digital assets and had been on paid administrative leave until their official departure. Their exit precedes anticipated widespread layoffs at the IRS. In related news, the DOJ is considering a request to drop a case against the developers of Samourai Wallet, while a federal judge has ruled that the U.S.
Treasury Department cannot sanction Tornado Cash again. For more information and to stay updated on these developments, readers can access additional resources and join the conversation on various platforms.