Trump to Remove IRS Chief, Appoint Bessent in Acting Role

President Donald TRUMP will oust Internal Revenue Service Commissioner Billy Long just two months into his tenure, according to multiple reports. Treasury Secretary Scott Bessent is expected to assume the role as acting IRS commissioner.

Long, a former Missouri congressman who took office in June, faced opposition from Senate Democrats who questioned his qualifications. His congressional record included cosponsoring legislation to replace the IRS with a national sales tax. The Senate confirmed his nomination by a narrow 53-44 vote.

The leadership shakeup at the nation's tax authority comes amid ongoing debates about cryptocurrency taxation policies. Market participants will be watching for any potential impact on digital asset reporting requirements or enforcement priorities under interim leadership.