The IRS, alongside many other regulators, has been quite active in the world of cryptography in recent years. Friday, two directors left.
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The story
More than 20,000 IRS employees have accepted the delayed resignation offers made by the Donald Trump administration, including two administrators responsible for supervising digital assets.
Why it matters
Raj Mukherjee and Seth Wilks made a paid administrative leave on Saturday, although people familiar with the situation told Coindesk that their departures should not indicate any change in the IRS approach to cryptographic rules.
Decompose it
Wilks, IRS Executive Director of Digital Assets Strategy and Development, and Mukherjee, Executive Director of the Digital Assets Office, accepted the delayed resignation offers and left IRS on Friday, two people in Coindesk said.
They joined thousands of other IRS employees who accepted the offer, which puts them on paid administrative leave until September.
The two sources of Coindesk said that Wilks and Mukherjee had left for generalized dismissals expected at IRS.
Read more here.
- Token-Dump scandal of the movement inside: secret contracts, ghosts and hidden intermediaries: Sam Kessler of Coindesk published a blockbuster survey on movement laboratories, his recent agreements with a market manufacturer and how his current internal investigation to know if he was misleading in the signing of a agreement that gave this market control over a large number of his tokens.
- Fed joined Occ, FDIC in the withdrawal of cryptography warnings for American banks: The Federal Reserve has withdrawn its Crypto guidelines advising banks to obtain pre-approbations before entering the cryptographic activity (and other details).
- Trump Coin jumps 70% on the president’s dinner event for the best tokens holders: The 220 people who have the most Trump tokens will be able to attend a dinner with Donald Trump in May. The news started an increase in the price of the token.
- Trump’s Truth Social Mulls launching the token for subscriptions in the last cryptography push: Truth Social, the social media company held by Trump Media & Technology Group from Donald Trump, said shareholders in a letter of a user of a usefulness token.
- Hairyvre, friendly Bitcoin, loses a seat while the Liberals of Carney won the elections in 2025: Canada voted and the Liberal Party trains a minority government with Mark Carney as Prime Minister. The leader of the Conservative Party Pierre Hairy has lost his seat.
- The CEO of Unicoin rejects the attempt to settle the application probe: Unicoin rejected a settlement negotiation meeting with the American Securities and Exchange committee, CEO Alex Konanykhin told shareholders in a letter.
- The Senator and ex-CEO of Bridgewater McCormick invests more in Bitcoin as Bill in Works: Pennsylvania’s Republican, Dave McCormick, who won his headquarters in last year’s elections and is now in the Senate Banking Committee, revealed to invest up to $ 450,000 in the Bitcoin Bitcoin (ETF) Fund.
- The new head of the Sec Atkins says that the agency does not have to wait to impose the cryptography policy: Paul Atkins, who was sworn in as the president of the SEC last week, said that the agency was considering brokers for special use and guard policies at the last cryptographic round table organized by the agency, and that it might not have to wait for the new laws to act.
- The FBI says that the Americans lost $ 9.3 billion in cryptographic scams in 2024: The latest report from the FBI internet crime complaints said that the Americans had lost $ 9.3 billion against cryptographic crimes last year, an increase of 66% from one year. Total losses increased up to $ 16.6 billion and the overall increase from year to year was 33%.
The prosecutors and lawyers for the defense of the case of the Ministry of Justice against the promoters of Samurai Wallet filed a joint service note asking the federal judge supervising the case to suspend him for a few weeks while the DoJ considers the request for the defense to delete it completely.
A lawyer for Roman Storm, asked if Tornado Cash’s developer team had made a similar request, refused to comment.
This same week, a federal judge judged that the Department of the US Treasury cannot sanction tornado money again, claiming that the office of control of foreign assets “did not suggest sanctioning the tornado again, and they can seek to” reconstruct the same thing precisely [designation] in the future.'”
Last month, Leah Moushey, a lawyer for Miller & Chevalier, told Coindesk that the judge could decide to reject the OFAC argument that the case was theoretical because of the previous cases where agencies tried to maintain the ability to rethink someone after the resolution of a legal case.
The judge indeed seemed to adhere to this point of view in his decision.
Tuesday
- 2:00 pm UTC (10:00 HE) The Chamber’s Financial Services Committee held an audience of subcommittee entitled “Audience entitled: Regulatory Overreach: The Prix Toal on American Prosperity”.
THURSDAY
- 7:00 p.m. UTC (3:00 p.m. HE) Avraham Eisenberg, who was arrested and tried for his feat of $ 110 million in the mango markets, was sentenced to just over four years in prison after pleading guilty to the possession of sexual children’s abuse equipment. During the sentence to determining the sentence, the federal judge supervising the case said that he was open to a new trial on mango markets.
- (New York Times) Times plunged into the entrance to Donald Trump and the deepening of links in the cryptographic industry.
- (The Washington Post) The post has published a list of the best donors of the Trump inauguration fund. Included in this list: Ripple Labs (4.9 million dollars given), Robinhood Markets ($ 2 million), Fred Ehrsam, Circle, Coinbase, Coinbase.com, Galaxy Digital, Ondo Finance, Kraken and Solana Labs ($ 1 million each). Several of these companies have since submitted a file to be made public, given the prosecution and investigations on the dry to them or announced partnerships with companies affiliated with Trump.
- (Politico) The Senate is likely to vote on stable legislation before the end of May, said majority chief John Thune during a republican conference lunch.
- (New York Times) Times also published a deep dive in Tether and its own deepening links with Washington, DC
- (Reuters) North Korean employees have created business entities in the United States to target cryptographic companies.
- (New York Times) It is a very crazy story of some people who stole a crypto. Just read it.
- (Politico) This is a fascinating reading of Victoria Guida de Politico on the experience and opinions of Canadian Prime Minister Mark Carney.
- (404 media) The researchers claiming to be part of the University of Zurich have created a “large-scale experience in which they secretly deployed robots fueled by AI in a subtrousseau of popular debate” to see if the AI would change the minds of people. These robots used false stories and made more than 1,700 comments. Reddit said that he issued “official legal requirements” to researchers in response.
- (New York Times) Roger Ver, that is to say “Bitcoin Jesus”, hired Roger Stone to try to put pressure for legal changes that could help worm, which are accused of tax charges.
- (SEMAFOR) A number of venture capital and managers of eminent technologies, including Crypto business leaders, have private group conversations that Semaor reports show an increasing political divide.
- (Cable) Spain and Portugal have suffered a massive electricity failure earlier this week. Wired has dug some of the technical problems at stake.
If you have reflections or questions about what I should discuss next week or any other comment you want to share, do not hesitate to send me an e-mail at nik@PK Press Club.com or to find me on Bluesky @ nikhileshde.bsky.social.
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See you next week!
