CoinWorld News reports that on August 9 (UTC+8), sources revealed that U.S. President Trump will dismiss IRS Commissioner Billy Long, just two months after his confirmation. Treasury Secretary Scott Bessent will serve as acting commissioner until a new appointment is made. Reports indicate that Long may be nominated to serve as an ambassador. Long was a former Republican congressman who advocated for the abolition of the IRS and has suspended two senior officials during his current term. The Trump administration has recently pushed to reduce IRS staff and has requested assistance in deporting immigrants and reviewing universities' tax-exempt status. (Source: The New York Times)