State of Cryptocurrency: IRS Departures
By Nikhilesh De , May 3, 2025, 1:30 PM
The IRS, like many other regulators, has been active in cryptocurrency issues in recent years. On Friday, two directors stepped down.
You’re reading State of Crypto, a CoinDesk newsletter covering the intersection of cryptocurrency and government. Click here to subscribe to future issues.
Delayed departures
More than 20,000 Internal Revenue Service (IRS) workers have agreed to layoff deferral offers made by the Donald Trump administration, including two directors responsible for regulating digital assets.
Raj Mukherjee and Seth Wilkes went on paid administrative leave on Saturday, though sources familiar with the matter told CoinDesk that their departures should not impact the IRS’s approach to regulating cryptocurrencies.
Wilkes, the IRS’s executive director of digital asset strategy and development, and Mukherjee, the executive director of the digital asset office, agreed to delayed departure offers and left the IRS on Friday, two sources told CoinDesk.
They joined thousands of other IRS employees who have accepted an offer of paid administrative leave through September.
According to two sources told CoinDesk, Wilkes and Mukherjee have decided to leave ahead of expected massive layoffs at the Internal Revenue Service.
Read more here .
Stories You Might Have Missed
Your email address will not be published. Required fields are marked *
[…] January 2022, the number of cryptocurrencies existing in the market increased by 1 thousand. This implies that each new…
Your writing is like a breath of fresh air in the often stale world of online content. Your unique perspective…
I would like to share my story and express my great gratitude to Maria. My husband Alexander was literally taken…