Trish Turner, the head of the IRS Digital Assets Division, resigned after just three months and turned around to join Crypto Tax Girl as the tax director.

Well, this is quite interesting. The internal turmoil at the IRS directly reflects the regulatory body's conflicting attitudes towards crypto, especially when linked to the recent submissions of revised S-1 documents for XRP ETFs by multiple institutions. It feels like tax and compliance pressures are pushing big players to jump ship to the private sector.

Personally, I think this will accelerate innovation in crypto tax tools, but in the short term, it may cause the IRS's enforcement to become even more chaotic, and investors need to be careful to avoid pitfalls.

Looking at the long term, combined with the momentum of ETH ETF reserves surpassing 30 billion, this wave of resignations may indicate that regulatory easing is imminent, which could lead to stronger institutional inflows into ETH and XRP. It is advisable to keep a close eye on tax compliance apps to ensure profits aren't siphoned off by the tax authorities.