IRS Leadership Changes: What’s in Store for Crypto Regulation?
The IRS has shuffled its leadership deck, and naturally, everyone is wondering what this means for crypto regulation in the U.S. The new faces at the top could mean new enforcement priorities and regulatory interpretations, which could have serious implications for compliance burdens. Not to mention, the ethics of former IRS officials moving into the crypto industry is raising eyebrows. Let’s break it down.
What Does Leadership Turnover Mean for Crypto Tax Compliance?
Any time there’s a shift in leadership at the IRS, the crypto community pays attention. New leaders often come with their own agendas, which can shift the focus of enforcement and the way regulations are interpreted. This is especially relevant given the IRS’s recent…
