The IRS Bids Farewell to Two Crypto Chiefs – A Dogecoin Exit Strategy Gone Too Far

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The winds of change blow cold across the halls of the U.S. Internal Revenue Service, as two of its most influential figures, Seth Wilks and Raj Mukherjee, have tendered their resignations after succumbing to the allure of what the government has cynically branded “DOGE Deferred Exit Deals.” Ah, the sweet scent of exit strategy, neatly wrapped in a Dogecoin-shaped bow. Who would have thought that the very architects of the IRS’s crypto tax policies—those who labored over the fine details of the 1099-DA form—would trade their allegiance for a few shiny digital coins?

Joining the IRS in the fateful year of 2024, Wilks and Mukherjee were hailed as the great crusaders, the titans who would steer the leviathan of bureaucracy through the murky waters of cryptocurrency taxation. And now, as their resignation letters flutter away into the ether, we are left to ponder: Is this a betrayal, a calculated move, or just another twist in the farce that is the crypto world? It hardly matters, for what remains is the lingering question—did they leave with a profit or just a dog’s tail between their legs?

It’s a curious turn of events, as the IRS, ever so keen on tightening its grip on digital assets, now finds itself at the mercy of its own shifting tides. The crypto tax landscape, once rigid and methodical, now dances on the edge of uncertainty. The stakes are high, but not as high as the coin toss these two just made.

The story of Seth Wilks and Raj Mukherjee will be written in the annals of crypto history, but one must wonder: Will they be remembered as the brave pioneers of IRS crypto policy, or as the sacrificial lambs who were bought off with the promise of a Dogecoin exit? Whatever the case, it’s clear that the game is afoot, and the IRS must continue its quest to catch up with an ever-evolving industry—one crypto coin at a time.

IRS Crypto Policy Leaders

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2025-05-03 09:14