DOGE Faces Uncertainty as IRS Scales Back Crypto Oversight

The Internal Revenue Service (IRS) is grappling with significant challenges in its cryptocurrency oversight strategy due to recent staff reductions. Key directors responsible for crypto-related operations have departed, raising concerns about the agency’s ability to enforce regulations effectively. Dogecoin (DOGE) appears to be particularly impacted, as the IRS has scaled back specialized units focused on meme coin transactions. These developments come at a critical time for the cryptocurrency market, potentially affecting DOGE’s future price trajectory and regulatory landscape.

IRS Staff Reduction: Crypto Strategy Hit as DOGE Cuts Deep

The Internal Revenue Service faces significant challenges in its cryptocurrency oversight strategy following staff reductions. Key directors overseeing crypto-related operations have exited, raising concerns about enforcement capabilities.

Dogecoin appears particularly affected by these developments, with the IRS scaling back specialized units focused on meme coin transactions. The departures come at a critical juncture for digital asset regulation.

Dogecoin Uptrend Intact? Expert Analysis Sparks Bullish Buzz

Dogecoin’s price rebounded to $0.186 after a mid-week dip from $0.185 to $0.15, signaling sustained buyer interest at lower levels. market observers interpret this resilience as a bullish indicator for the meme cryptocurrency.

Analyst Steph is Crypto highlights Dogecoin’s adherence to a long-term trendline spanning three key support levels since 2020. The pattern held at $0.001 in 2020, $0.059 in 2024, and most recently at $0.14 in 2025, with each touch prompting upward reversals.

"Those maintaining long positions are absolute legends," Steph remarked, projecting an ambitious $10 price target based on this technical formation. The analysis suggests Dogecoin’s market structure remains robust despite its volatile nature.

Dogecoin Whale Activity Surges 41% Amid ETF Speculation

Dogecoin’s whale transactions skyrocketed 41% in 24 hours, with over 60.9 billion Doge moved by large holders—marking a seven-day high. IntoTheBlock data shows this contrasts sharply with last week’s low of 12.97 billion DOGE transfers, signaling aggressive repositioning during growing ETF chatter.

Despite the frenzy, DOGE dipped 1.24% to $0.1784 as trading volume contracted by 24%. The divergence suggests whales may be liquidating positions, injecting bearish pressure into a market that typically interprets such accumulation as a bullish precursor.