IRS appoints Trish Turner to head crypto division amid resignations
Veteran US Internal Revenue Service (IRS) official Trish Turner was appointed to lead the agency’s digital assets division following the departure of two key crypto-focused executives.Turner, who has spent over 20 years...
Veteran US Internal Revenue Service (IRS) official Trish Turner was appointed to lead the agency’s digital assets division following the departure of two key crypto-focused executives.
Turner, who has spent over 20 years at the IRS and most recently served as a senior adviser within the Digital Assets Office, will now head the unit, according to a report from Bloomberg Tax citing a person familiar with the situation.
Her promotion marks a significant leadership transition at a time when US crypto tax enforcement is facing both internal and external pressures.
On May 5, Sulolit “Raj” Mukherjee and Seth Wilks, two private-sector experts brought in to lead the IRS’s crypto unit, exited after roughly a year in their roles.
Mukherjee served as compliance and implementation executive director, while Wilks oversaw strategy and development. Wilks announced his departure on LinkedIn, while Mukherjee confirmed his decision in a statement to Bloomberg Tax.
“The reality is that federal employees have faced a very difficult environment over the past few months,” Wilks wrote. “If stepping aside helps preserve someone else’s job, then I am at peace with the decision.”
Seth Wilks announced his departure on LinkedIn. Source: Seth WilksRelated: Coinbase files brief with US Supreme Court in support of taxpayers’ privacy
IRS ramps up crypto scrutinyThe IRS has ramped up its focus on cryptocurrency in recent years, increasing audits and criminal probes targeting digital asset transactions.
It also attempted to introduce broad crypto broker reporting requirements, which drew sharp criticism from industry stakeholders and was eventually overturned by President Donald Trump.
Set to take effect in 2027, the so-called IRS DeFi broker rule would have expanded the tax authority’s existing reporting requirements to include DeFi platforms, requiring them to disclose gross proceeds from crypto sales, including information regarding taxpayers involved in the transactions.
Related: NFT trader faces prison for $13M tax fraud on CryptoPunk profits
Turner’s leadership also comes during a shift in Washington’s approach to crypto regulation.
With the return of the Trump administration in January, federal agencies have scaled back regulations perceived as burdensome to digital asset innovation.
For instance, the Securities and Exchange Commission has dropped or paused over a dozen enforcement cases against crypto companies. Additionally, the Department of Justice has announced the dissolution of its cryptocurrency enforcement unit, signaling a softer approach to the sector.
Internally, the IRS is also navigating instability. Over 23,000 employees have reportedly expressed interest in resigning after Trump reintroduced a deferred resignation policy, raising concerns about long-term staffing and morale within the agency.
Magazine: Bitcoin to $1M ‘by 2029,’ CIA tips its hat to Bitcoin: Hodler’s Digest, April 27 – May 3
Original source
Read on CointelegraphRelated market context
Japan Three Biggest Banks Unite to Launch Yen Crypto Stablecoin by March 2027
MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation have established a formal joint council to develop and co-issue a...
Hester Peirce Farewell Speech Highlights SEC Crypto Rulemaking Divide
TL;DR SEC Commissioner Hester Peirce delivered a farewell speech titled “Peirce Out.” She criticized the agency’s reliance on enfo...
Cristiano Ronaldo heads to the US for the 2026 World Cup, and his crypto footprint is coming with him
Ronaldo's crypto ventures at the World Cup could redefine fan engagement and influence the future of sports-related digital assets...
Carlo Ancelotti confident Brazil can compete with any team as crypto fan tokens heat up ahead of World Cup opener
Ancelotti's leadership and Brazil's strong squad could boost fan token interest, impacting crypto markets and enhancing digital fa...
Trump says Iran deal to be signed on Sunday as Bitcoin climbs above $63K
The potential Iran deal could stabilize geopolitical tensions, impacting global oil supply and influencing market dynamics, includ...
Cristiano Ronaldo arrives in the US ahead of 2026 FIFA World Cup, and crypto is paying attention
Ronaldo's US arrival highlights speculative crypto market dynamics, underscoring the volatility and investor caution in meme token...