DOGE in Focus: IRS Shake-Up as Veteran Trish Turner Takes Helm of Digital Assets Office

The Internal Revenue Service (IRS) has appointed Trish Turner, a seasoned 20-year agency veteran, to lead its Digital Assets Office. This strategic move comes amid significant staff departures, including crypto tax specialists Sulolit Mukherjee and Seth Wilks, who exited following a resignation offer from the Department of Government Efficiency (DOGE). Wilks expressed mixed feelings, stating, "Leaving this role was my decision, but it was not something I truly wanted to do." This development highlights the evolving regulatory landscape for digital assets, with potential implications for cryptocurrency markets, including DOGE. Turner’s appointment signals the IRS’s commitment to strengthening its oversight of digital assets, which could lead to clearer tax guidelines and increased institutional confidence in cryptocurrencies. The departure of key crypto-focused staff, however, raises questions about the near-term direction of the IRS’s digital asset policies. As the crypto industry awaits further developments, market participants are closely monitoring how these changes might influence the regulatory environment and, consequently, the valuation of assets like DOGE in 2025 and beyond.

Veteran Trish Turner Appointed to Lead IRS Digital Assets Office Amid DOGE-Related Staff Departures

The Internal Revenue Service has named Trish Turner, a 20-year agency veteran, as head of its Digital Assets Office. The appointment comes as two key crypto tax specialists—Sulolit Mukherjee and Seth Wilks—exit following a resignation offer from the Department of Government Efficiency (DOGE).

"Leaving this role was my decision, but it was not something I truly wanted to do," Wilks stated in a May 5 LinkedIn post, noting he had three years remaining in his term. The leadership shuffle coincides with growing regulatory scrutiny of digital assets, particularly meme coins like Doge that have recently faced tax enforcement challenges.

Dogecoin Faces Market Pressure Amid Ecosystem Expansion

Dogecoin’s price trajectory mirrors broader market struggles, with the meme cryptocurrency shedding 8% over the past week to trade at $0.1669. The decline marks a setback for bullish investors anticipating May gains.

Despite price weakness, Dogecoin’s ecosystem shows signs of maturation. DogeOS secured $6.9 million in funding led by Polychain Capital, signaling institutional confidence in the blockchain’s DeFi potential. The capital infusion aims to expand application development capabilities on the Dogecoin network.

Dogecoin Consolidation Suggests Potential Breakout to $0.4, Analyst Says

Dogecoin’s current pullback to $0.169 after briefly touching $0.19 in late April masks underlying strength, according to technical analysis. The meme coin has stabilized above its early-April crash level of $0.14, forming what appears to be a consolidation pattern.

Crypto analyst MasterAnanda identifies a repeating structure of three labeled lows on DOGE’s daily chart, mirroring formations seen before historical rallies. This technical setup suggests the current hesitation may precede a significant upward move, potentially targeting $0.40.

The chart pattern draws parallels to Dogecoin’s previous bullish cycles, where similar consolidations preceded explosive price action. Market participants are watching whether this technical thesis will materialize amid ongoing cryptocurrency market volatility.

Dogecoin Breaks Key Support Amid Bearish Pressure

Dogecoin’s price action turns precarious as the meme coin breaches its 50-day Exponential Moving Average NEAR $0.17, a critical support level that previously stabilized its consolidation phase. The cryptocurrency now teeters at $0.165, testing fragile horizontal support.

A failure to hold this level could see DOGE descend toward $0.155, with $0.145 emerging as a stronger historical floor. Reclaiming $0.17 remains essential for restoring bullish momentum, though overhead resistance at $0.20 and $0.216 looms large.

Market participants show hesitation as trading volume dwindles—a classic precursor to volatility spikes. The absence of conviction from both bulls and bears suggests potential turbulence ahead for the Shiba Inu-themed asset.