IRS Executives from the Virtual Asset Industry Resign Following Government Efficiency Department Proposal
Summary
- Seth Wilks and Raj Mukherjee have reportedly accepted the voluntary resignation proposal from the Department of Government Efficiency, leaving the IRS.
- They were formerly VP at TaxBit and an executive at Binance US, respectively, contributing to the IRS Digital Asset Initiative.
- Notably, they participated in the upgrade of Form 1099-DA for virtual asset reporting and compliance.
Seth Wilks, Director of the Virtual Asset (Cryptocurrency) Initiative at the U.S. Internal Revenue Service (IRS), and Raj Mukherjee have reportedly accepted a voluntary resignation proposal from the Department of Government Efficiency (D.O.G.E).
According to cryptocurrency-focused media outlet CoinDesk on the 2nd (local time), Seth Wilks is a former VP of Government Relations at TaxBit, and Raj Mukherjee is a former executive at Binance US.
They joined the IRS Digital Asset Initiative in February last year, working on building virtual asset reporting, compliance, and enforcement programs. Notably, they were known to have worked on an upgraded version of Form 1099-DA, a form for brokers to report clients' virtual asset transaction information.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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