DOGE’s Regulatory Horizon Brightens as SEC Adopts Crypto-Friendly Stance

In a significant development for the cryptocurrency market, the U.S. Securities and Exchange Commission (SEC) is signaling a potential shift in its regulatory approach toward digital assets. Under the Trump administration, the SEC has taken steps to adopt a more accommodating stance, including the appointment of crypto-friendly officials and the dismissal of several enforcement actions. This shift comes amid growing pressure from the cryptocurrency community and other government entities, such as the Department of Government Efficiency (DOGE), which is actively soliciting public input on regulatory reforms. The move is seen as a positive signal for the future of cryptocurrencies, including DOGE, as it suggests a more favorable regulatory environment could be on the horizon. Coinbase Chief Legal Officer Paul Grewal has been among the voices advocating for clearer and more supportive regulations, and these recent developments may indicate that such changes are forthcoming. As of May 3, 2025, the cryptocurrency market is watching closely to see how these regulatory shifts will impact the valuation and adoption of digital assets like DOGE.

SEC Signals Shift in Crypto Regulation Approach Amid Growing Pressure

The U.S. Securities and Exchange Commission (SEC) appears poised for regulatory reform as the Department of Government Efficiency (DOGE) solicits public input. Under President Trump’s administration, the SEC has adopted a less confrontational stance toward cryptocurrencies, evidenced by the appointment of crypto-friendly officials and the dismissal of multiple enforcement actions.

Coinbase Chief Legal Officer Paul Grewal has submitted policy recommendations following the DOGE’s request for feedback. This development reflects mounting pressure on regulators to refine their digital asset framework, with industry participants watching for potential Ripple effects across markets.

IRS Crypto Leaders Exit After Accepting DOGE-Linked Resignation Offers

The Internal Revenue Service faces a leadership vacuum in its digital asset division as two key figures depart under unusual circumstances. Seth Wilks and Raj Mukherjee, both recruited from crypto-native firms, accepted deferred resignation packages tied to a Department of Government Efficiency initiative involving Doge transactions.

Their exits mark a significant setback for the IRS Digital Asset Initiative launched in February 2024. Wilks brought tax compliance expertise from TaxBit, while Mukherjee’s background included senior tax roles at ConsenSys and Binance.US—experience now walking out the door on paid administrative leave.

The Trump administration’s broader efficiency drive appears to have inadvertently weakened crypto oversight capabilities. What began as a bureaucratic reshuffling has resulted in the loss of specialized talent crucial for navigating blockchain taxation complexities.

IRS Crypto Policy Leaders Resign After Accepting DOGE-Linked Exit Deals

Seth Wilks and Raj Mukherjee, pivotal figures in shaping the U.S. Internal Revenue Service’s cryptocurrency tax policies, have stepped down. Their resignations follow acceptance of government-proposed "DOGE Deferred Exit Deals," a departure tied to the meme-inspired digital asset. Both joined the IRS in 2024 from private crypto sector roles, where they spearheaded development of the agency’s 1099-DA tax form for digital assets.

The leadership change comes as the IRS intensifies efforts to refine cryptocurrency taxation frameworks. Wilks and Mukherjee’s industry expertise had been instrumental in bridging regulatory gaps between traditional finance and decentralized assets. Their exit underscores the gravitational pull of crypto-native incentives, even within regulatory bodies.