🚨 UPDATE: IRS Crypto Chief Resigns After Just 3 Months🔥
In a significant development, Trish Turner, the head of the IRS's digital assets division, has resigned after only three months in the role. She has now joined Crypto Tax Girl, a private tax advisory firm.
This is a powerful signal about the state of crypto regulation and the expertise needed in the space.
Why this is a big deal:
Brain Drain from the Public Sector: This marks the third leader in a row to exit the IRS crypto unit in a short period. This highlights the difficulty government agencies face in retaining top talent who are highly sought after by the private sector.
Building Bridges: In her resignation post, Turner expressed a desire to "build bridges between industry and regulators." Her move to a private firm focused on tax compliance suggests that she will be helping crypto holders navigate the very regulations she was tasked with enforcing.
A New Chapter for the Industry: As the IRS and other regulatory bodies finalize new crypto tax rules (like the upcoming Form 1099-DA), the private sector is scrambling to hire experts who can help them and their clients comply. This move perfectly illustrates that trend.
This is a testament to the growing importance of crypto tax compliance and the value of having knowledgeable professionals on the side of the industry, not just the regulators.
What are your thoughts on this? Is this a good or bad development for the crypto community?