State of Cryptocurrency: IRS Departures
Seth Wilkes and Raj Mukherjee, two of the Internal Revenue Service's (IRS) digital asset chiefs, are leaving the organization just a year after their appointments.
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.
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Delayed departures
Narrative
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.
Why is this important?
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.
Let's break this down
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 .
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