State of Crypto: IRS Departures Seth Wilks and Raj Mukherje | its Khalil Ahmed on Binance Square

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State of Crypto: IRS Departures
Seth Wilks and Raj Mukherjee, two IRS digital asset directors, are leaving the agency just over a year after joining it.
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The SEC Can Learn From the IRS in Making Regulation Simpler for Crypto #crypto The IRS has relied on voluntary disclosure programs to bring taxpayers into compliance rather than imposing punitive actions upfront. A similar model should be applied to crypto regulation as well, says Miles Fuller, Director of Government Solutions, TaxBit.

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North Carolina Embraces Crypto Investment and Blockchain Technology #cryptocurreny #Ehtherum #Bitcoin-BTC North Carolina Embraces Crypto Investment and Blockchain Technology The North Carolina House has passed a bill allowing the state treasury to explore investing in cryptocurrencies and blockchain technology. This move signifies a shift towards modernizing public finance. The bill also establishes a Digital Assets Strategic Task Force to assess risks and opportunities in crypto investments, promote economic growth, and collaborate with local universities. With bipartisan support, the House approved the Blockchain and Digital Asset Investment Act, enabling investments in digital assets like Bitcoin and Ethereum. Representative Jason Saine highlighted the importance of staying ahead in global finance trends. While the bill has sparked debates on financial security and regulatory oversight, it aims to balance innovation with risk management. If successful, North Carolina's foray into digital finance could lead to economic development, innovation, and a skilled workforce. The bill's passage sets the stage for potential benefits in modernizing public finance strategies and attracting talent and innovation in the state.

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Sell-side bulls from Benchmark and TD Cowen viewed Michael Saylor and team's plan as a bold yet realistic escalation of its bitcoin-focused strategy amid rising institutional interest. By Helene Braun|Edited by Stephen Alpher Updated May 2, 2025, 7:47 p.m.

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