DOGE-Led Resignations at IRS Signal Potential Crypto Policy Shifts
The resignation of two pivotal IRS cryptocurrency experts amid broader federal workforce reductions under the Doge initiative raises questions about the future of crypto taxation policies and regulatory clarity in the digital asset space.
IRS Crypto Heads Resign in DOGE-Led Exit Wave
The Internal Revenue Service faces a significant setback as two key cryptocurrency experts, Seth Wilks and Raj Mukherjee, resign from their roles. Both were instrumental in leading the IRS’s Digital Asset Initiative, a program designed to enhance the agency’s approach to crypto taxation.
Wilks and Mukherjee’s departures align with a broader federal workforce reduction effort under the Department of Government Efficiency (DOGE). The initiative, part of the Trump administration’s legacy, offered deferred resignation packages to thousands of employees.
Their exits leave a void in the IRS’s crypto expertise. Wilks previously served as Vice President at TaxBit, while Mukherjee held senior tax positions at ConsenSys and Binance.US—experience critical to navigating the complexities of digital asset regulation.
Dogecoin Price Prediction: Will DOGE Reclaim $0.20 Next?
The memecoin market faces headwinds, with its total capitalization dipping 1.94% to $55.36 billion amid a 13.30% slump in trading volume. Dogecoin mirrors this trend, shedding 1.53% overnight as it languishes 75.95% below its all-time high of $0.7376.
DOGE’s sideways trading pattern persists, with 24-hour volume plunging 41.19% to $612.49 million. Market participants remain cautious about near-term prospects for the dominant memecoin, despite its historical resilience during crypto market recoveries.
Dogecoin To The Moon? Price Eyes $0.27
Dogecoin (DOGE) shows signs of a bullish reversal after months of sideways trading. A technical breakout from a descending channel, confirmed by a retest of former resistance-turned-support, suggests upward momentum.
The meme cryptocurrency now targets $0.27 as immediate resistance, with potential to reach $0.39-$0.43 if buying pressure sustains. market watchers note $0.17 as critical support should corrections occur.
