Elon Musk’s DOGE removes IRS crypto policy officers
By: bitcoin ethereum news|2025/05/03 15:30:02
0
Share
Two crypto directors just vanished from the IRS, and it happened because of DOGE (Department of Government Efficiency) run directly under President Donald Trump. On Friday, Seth Wilks and Raj Mukherjee were reportedly told to accept deferred resignations, meaning they’re still technically employed for a few months, but they’ve already been pushed out and placed on paid leave. The orders were part of a government-wide cleanout that started earlier this year. DOGE is leading that charge. Both Wilks and Mukherjee came from the private crypto sector before joining the IRS. Seth used to be a vice president at TaxBit, and Raj previously worked as head of tax for Binance.US and also held a senior role at ConsenSys. The two had barely been in office since February 2024, when they were brought in to help rebuild the agency’s approach to taxing crypto. Trump’s DOGE campaign forces mass exit of crypto officials They were hired to lead compliance, reporting, and crypto enforcement programs. They had also been managing the agency’s work with the crypto industry itself. Their biggest known task was helping launch a new tax form, the 1099-DA, which rolled out last summer. That form was meant to help Americans report income and trades linked to crypto. Both officials were also working on new IRS rules tailored to the crypto space. One rule they helped finish, right before the Biden administration ended, targeted DeFi brokers with tough new data collection demands. That rule got wiped out earlier this year through the Congressional Review Act, with President Trump signing the joint resolution. It was one of the first signs that DOGE wasn’t just trimming staff — it was rewriting the government’s approach to crypto regulation altogether. Seth held the title of executive director of digital asset strategy and development, while Raj served as executive director of the digital assets office. They were the most senior crypto officers inside the IRS. But according to CoinDesk, they both accepted voluntary buyout offers ahead of a much larger round of staff cuts. The federal government had already warned that IRS reductions were coming fast. Over 20,000 IRS employees have already signed onto the same deferred resignation plan, as reported last month by the New York Times. Everyone in that program is being placed on paid leave until September, after which most won’t return. That’s part of the DOGE directive to cut down bloated staffing left behind by the Biden administration. The IRS had been expanded by roughly 20,000 workers under Biden’s leadership, with the goal of pulling in more tax revenue. But Trump’s team is doing the opposite. They’re slashing those numbers and focusing on “efficiency,” as confirmed by a Treasury Department spokesperson. “The Secretary is committed to ensuring that efficiency is realized while providing the collections, privacy and customer service the American people deserve,” the spokesperson said on behalf of Treasury Secretary Scott Bessent. Even higher up, the exits didn’t stop at crypto officers. Melanie Krause, the IRS’s acting commissioner, also left. She wasn’t alone. Several top officials left with her after the agency agreed to start sharing taxpayer data with Immigration and Customs Enforcement. That decision came directly from the Trump administration and was meant to aid the deportation of undocumented immigrants. The IRS has always kept taxpayer data confidential. That change triggered internal unrest and pushed several longtime officials to walk. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot Source: https://www.cryptopolitan.com/doge-removes-irs-crypto-policy-officers/
You may also like

Bearish Traders Continue to Short Bitcoin | Rewire News Morning Update
Binance Perpetual Contract Funding Rate has been negative for 46 consecutive days, with open interest rising accordingly

Is Nasdaq About to Reach a New High, Is the Bull Market Back?
Almost all assets are up

Goldman Sachs Applies for Bitcoin ETF, Wall Street's Final Bastion Falls
Wall Street has no faith, only a ledger. When the number on the ledger is large enough, any faith will change.

Only Working 2 Hours a Day? This Google Engineer Got His Job Done Using Claude for 80% of It
One File, Three Commands, AI Will Not Replace Programmers, But Will Eliminate Those Who Cannot Set Up a System

Interpreting Stanford's 423-page AI Report: US-China Gap Narrows to 2.7%, Tsinghua's DeepSeek Enters Global Top Ten
This comprehensive 423-page annual report unveils the latest power map of the global AI industry.

YouTube will become the next new type of bank
YouTube will become the next new type of bank. Not because YouTube will apply for a banking license, but because wherever the money comes from, financial services should be there.

How to Reshape On-Chain Transaction Logic? Exploring the Rise of Stablecoin Execution Layers
UXUY is redefining on-chain transaction logic by using a stablecoin-driven execution network to simplify complex cross-chain operations into a "one-click result," allowing users to complete full-chain transactions without worrying about paths, gas, or chains, only needing to decide the destination o...

Why AI Memecoins are Failing the Reality Test
From 90,000% gains to a 98% crash—discover why the AI Meme bubble is bursting and what the shift to "AI Utility" means for your portfolio.

Morning News | Kraken receives $200 million investment from Deutsche Börse; Goldman Sachs submits application for Bitcoin Premium Income ETF; Walsh discloses his cryptocurrency holdings
Overview of Important Market Events on April 14

Hong Kong licensing, stablecoin landscape changes: Who is reshaping the next generation of the financial landscape?
Take the lead in exploring a more institutionalized, verifiable, and implementable development path for non-U.S. dollar stablecoins.

IOSG: TAO is like the Elon Musk who invested in OpenAI, Subnet is like Sam Altman
The DAO's Game is Risky, Success Depends Entirely on User Ecosystem Stickiness

Stablecoin License Battle Concludes: Anxiety-Ridden Hong Kong, Will Not Wait for the Next Tether
Hong Kong is trying too hard to prove itself.

You can grasp a new field in half an hour, how to quickly establish a cognitive framework using AI?
Teaching you to Quickly Understand a New Field with AI-Assisted Horizontal and Vertical Analysis

Franklin Templeton's latest research: How to understand RWA tokenization
From the initial foray of emerging platforms to the full entry of traditional financial giants, tokenization has broken down traditional trading barriers. Through models such as digital-native and synthetic assets, capital has gained unprecedented liquidity and transparency.

Espanyol vs FC Barcelona: A Derby Fought with Fire and Quality
The Espanyol vs FC Barcelona derby delivered high-intensity football as Barca won 4-1, moving nine points clear at the top of LALIGA. Lamine Yamal's masterclass, Ferran Torres' brace, and a passionate city rivalry on full display. WEEX, Official Regional Partner of LALIGA in Hong Kong and Taiwan celebrates the beautiful game.

DeAgentAI announced the establishment of the AIA Ecological Fund, focusing on the "AI Agent + Physical AI" track
DeAgentAI has officially established the AIA Ecological Fund, focusing on the new track of "AI Agent + Physical AI," with the first investments in the AliceAI prediction system and ASIC computing power chips.

Why is Crypto Up? Altcoins Lead Due to US Grand Deal
Key Takeaways: The “US Grand Deal” has beefed up crypto’s appeal, impacting assets like Ethereum and Solana. Altcoins,…

Polkadot Hyperbridge Breach Mints Over 1 Billion DOT Tokens
Key Takeaways: Over 1 billion fake DOT tokens were minted due to a vulnerability in Hyperbridge’s Ethereum gateway.…
Bearish Traders Continue to Short Bitcoin | Rewire News Morning Update
Binance Perpetual Contract Funding Rate has been negative for 46 consecutive days, with open interest rising accordingly
Is Nasdaq About to Reach a New High, Is the Bull Market Back?
Almost all assets are up
Goldman Sachs Applies for Bitcoin ETF, Wall Street's Final Bastion Falls
Wall Street has no faith, only a ledger. When the number on the ledger is large enough, any faith will change.
Only Working 2 Hours a Day? This Google Engineer Got His Job Done Using Claude for 80% of It
One File, Three Commands, AI Will Not Replace Programmers, But Will Eliminate Those Who Cannot Set Up a System
Interpreting Stanford's 423-page AI Report: US-China Gap Narrows to 2.7%, Tsinghua's DeepSeek Enters Global Top Ten
This comprehensive 423-page annual report unveils the latest power map of the global AI industry.
YouTube will become the next new type of bank
YouTube will become the next new type of bank. Not because YouTube will apply for a banking license, but because wherever the money comes from, financial services should be there.
