Two key IRS officials working on
#crypto just left the agency after barely a year on the job. Seth Wilks and Raj Mukherjee took voluntary buyout offers and resigned, according to people familiar with the situation.
Wilks, formerly at
#TaxBit , and Mukherjee, who used to handle tax at ConsenSys and Binance.US, joined the IRS in February 2024 to help build out
#crypto tax policies. They were involved in creating the new 1099-DA form and worked on compliance, enforcement, and industry coordination for digital assets.
They also helped draft tax rules for the crypto space. One big rule targeting DeFi brokers was finalized at the end of Biden’s term—but got tossed out by
#Congress and signed off by
$TRUMP earlier this year.
Wilks was leading digital asset strategy, while Mukherjee ran the
#DigitalAssets office. Sources told
#CoinDesk both had agreed to deferred resignations, which lined up with broader IRS staff cuts. Over 20,000 IRS employees signed up for the same exit plan, and many are now on leave until September.
$BNB