In brief
The IRS announced Thursday it has removed a controversial DeFi-focused rule from the U.S. tax code.
The rule, adopted in December, was repealed by a congressional resolution earlier this year,…
In brief
The Supreme Court declined Monday to hear a case that might have re-examined the obligation of crypto exchanges to comply with government requests for user data.
The so-called third-party doctrine…
The United States Supreme Court has refused to hear a case involving a Coinbase user alleging violations of his Fourth Amendment rights over data sent to the Internal Revenue Service…
In February, the Department of Government Efficiency (DOGE) began soliciting public input pertaining to the U.S. Securities and Exchange Commission (SEC) — a move suggesting reform at the agency is…
The Internal Revenue Service (IRS) has lost two of its top crypto experts, Seth Wilks and Raj Mukherjee, who both stepped down from their positions on Friday.Though officially still employed…
The IRS, alongside many other regulators, has been pretty active in the crypto world over recent years. On Friday, two directors left.You’re reading State of Crypto, a CoinDesk newsletter looking…
IRS Crypto Policy Leaders Step Down After Accepting “DOGE Exit Deals”
The IRS lost two key directors working on crypto initiatives, Seth Wilks and Raj Mukherjee, on Friday after they accepted deferred resignation offers directed by the Department of Government Efficiency.Wilks…