Summary
- President Donald Trump has reportedly begun procedures to withdraw a $10 billion lawsuit filed against the IRS.
- A post on Cointelegraph’s X account said Trump is moving to withdraw the $10 billion lawsuit against the IRS.
- Markets are watching whether the decision is linked to Trump’s future political and economic strategy as he continues to clash with federal agencies over tax and regulatory issues.
President Donald Trump is moving to withdraw a $10 billion lawsuit he filed against the Internal Revenue Service, according to a Cointelegraph post on X on May 18.
The post said Trump is taking steps to drop the suit against the IRS.
No details have been disclosed on why the lawsuit is being withdrawn or whether any settlement has been reached.
Markets are watching whether the move is tied to Trump’s broader political and economic strategy as he continues to clash with federal agencies over tax and regulatory issues.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
