Aug 30, 2025
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IRS Digital Assets Office Faces Leadership Vacuum Amid Crypto Filing Surge
Trish Walker, head of the IRS digital assets office, has resigned shortly after taking the position, adding to the leadership void at the agency. This departure follows two other exits from the IRS crypto team, leaving the agency without clear direction as new tax policies are set to increase crypto filings.
Key Points
- The IRS is expected to see a surge in crypto-related filings due to new forms like the 1099-DA, which many taxpayers will receive for the first time.
- Over 20,000 IRS employees have left amid budget cuts, exacerbating staffing issues in the crypto division.
- The lack of experienced personnel may lead to challenges in addressing taxpayer inquiries regarding crypto taxes.
The industry anticipates Congress will introduce more favorable tax regulations, but current policies remain in effect. The IRS's capacity to manage the upcoming workload is uncertain.
Related News
- U.S. Government Starts Pushing Economic Data Onto Blockchains: The Department of Commerce begins releasing economic data on multiple blockchains.
- Unified Crypto Lobbyists: Protect Software Developers: A coalition of crypto industry representatives urges the Senate to safeguard software developers in upcoming legislation.
- Crypto's U.S. Policy Aims May Pivot on Democratic Senator Warner: Concerns about legal protections for developers focus on Senator Mark Warner's stance.
- CFTC to Shrink Commission to One Member: The Commodity Futures Trading Commission faces significant leadership challenges with its commission reduced to one member.
This Week
- Congress is currently on break; no regulatory events occurred this week.
Elsewhere
- (Decrypt) The Solana Policy Institute supports Tornado Cash developers financially for their appeals.
- (Politico) Recent lobbying successes for crypto have intensified competition with traditional finance sectors.
- (MSN) Treasury Secretary Scott Bessent plans to meet candidates for the Federal Reserve Chairman position amidst ongoing interest-rate debates.