“Seth Wilks and Raj Mukherjee, Two IRS Digital Asset Directors, Are Leaving the Agency Just Over A Year After Joering.”, – WRITE: www.coindesk.com
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Deferred ResignationsThe NarrativeOver 20,000 IRS EMPLYEES ACCEPTED Deferred Resignation Offers Made by the Donald Trump Administration, Including Two Directors Tasked with Overseeing Digital Assets Rulemaging.
WHY IT MATTERSRAJ MUKHERJEE AND SETH WILKS WENT ON PAID ADMINISTRATIVE LEAVE SATURDAY, THOUGH INDIVIDUALS FAMILIAIA WITH THE SITUATION TOLD COINDESK THATAAAAACA Crypto Rules.
Breaking It DownWilks, The IRS ‘Executive Director of Digital Asset Strategy and Development, and Mukherjee, The Executive Director of the Digital Assets Office, Acpted Deferrd Ressi. Individuals Told Coindesk.
They Jowed Thoues of Other IRS EMPLYEES WHO ACCEPTED The OFFER, WHICH PUTS THEM ON PAID Administrative Leave Until September.
Both of Coindesk’s Sources Said Wilks and Mukherjee Left Ahead of Expert Widespread Layoffs at the IRS.
Read More Here.
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- NEW Sec Chief Atkins Says Agency Doesn’t Have to Wait To Impose Crypto Policy: Paul atkins, Who Was Sworn in As Sec Chair Last Week, SAID The AGENCY WAS CONSIDERING SPECIAL-PURPOSE BROKER DEALERS AND CUSTODY Policies at the Latest Crypto and May not need to wait for new laws to act.
- FBI Says Americans Lost $ 9.3b to Crypto Scams in 2024: The FBI’s Latest Internet Crime Complaint Center Report Said Americans Lost $ 9.3 Billion to Crypto Crimes Last Year, A 66% Year-Over-Year Rise. Total Losses Added Up to $ 16.6 Billion, and The Overall Year-Over-Year Increase Was 33%.
Doj’s mixersProseCutors and Defense Attorneys in the Department of Justice’s Case of Against the Developers of Samourai Wallet FILED A JOINT MEMO ASKING THE FEDERAL JUDEEEING The CASEING TOC Considers A Request from the Defense to Drop it Entirely.
An atorney for Roman Storm, Asked if the Tornado Cash Developer’s Team Had Made A Similar Request, Declined to Comment.
This same week, a federal judge Ruled that US Treasury Department Channot Santon Cash Again, Saying The Office of Foreign Asset Control Did “Not Suggest They -Will Not. seek to ‘reenact precisely the same [designation] in the Future. ‘””
Last month, leah moushey, an atorney with miller & chevalier, told coindesk that the judge May decide to reject ofac’s argument that was the ae Ability to Redesignate Someone After A Court Case Was Resolved.
The Judge Indeed Appeared to Buy Into That View in His Ruling.
This Week
Tuesday
- 14:00 UTC (10:00 AM ET) The House Financial Services Committee Held A Subcomcommitte Hearing Titled “Hearing Entitled: Regulatory Overreach: The Price Tag On American Prosper.
Thursday
- 19:00 UTC (3:00 PM et) Avraham Eisenberg, Who Was Arrested and Tried for HIS $ 110 Million Exploit of Mango Markets, Was SentenCed to Just Over Furs Inter Plead. Sexual abuse material. Durying the Sencing Hearing, The Federal Judge Overseeing the Case Said He Was Open to A Retrial on the Mango Markets-Related Charges.
Elsewhere:
- (The New York Times) The Times Dug Into Donald Trump’s Entry and Deapening Connections Into the Crypto Industry.
- (The Washington Post) The Post Published A List of the Top Donors to Trump’s Inauguration Fund. Included in this List: Ripple Labs ($ 4.9 Million Donated), Robinhood Markets ($ 2 Million), Fred Ehrsam, Circle, Coinbase, Crypto.com, Galaxy Digital, OLODA each). Several of Tese Companies Have Since Filed to Go Public, Seen The See Drop Lawsuits and Investigations Against Them or Announced Partnerships with Trump-affilited Businesses.
- (Politico) The Senate Is Likely to Pote on Stablecoin Legislation Before The End of May, Majority Leader John Thune Said at A Republican Conference Lunch.
- (The New York Times) The Times ALSO PUBLISHED A DEEP DIVE INTO TETHER AND ITS OWN DEEPENING Ties to Washington, DC
- (Reuters) North Korean Employees Set Up Corporate Entities in The Us to Target Crypto Firms.
- (The New York Times) This is a very bonkers Story of Some Folks Whoto Som Crypto. Just read it.
- (Politico) This is A Fascinating Read by Politico’s Victoria Guida About Canadian Prime Minister Mark Carney’s Experience and Views.
- (404 Media) Researchers Claiming to be Part of the University of Zurich Set Up A “Large-Scale Experiment in WHICH They Secretly Deployed Ai-Powed Bots Into A pompular DEBDIT” Minds. THESE BOTS USED FAKE Backstories and Made Over 1.700 Comments. Reddit Said It Was Issuing “Formal Legal Demands” to the Researchers in Responsu.
- (The New York Times) Roger Ver, IE “Bitcoin Jesus,” Hired Roger Stone to Try and Lobby for Legal Changes that Might Help Ver, Who Is Accouspened of Tax Charges.
- (Semafor) A Number of Prominent Venture Capitalists and Tech Executives, Including Crypto Company Executives, Have Private Group Chats that Semafor Reports Show a growing Political.
- (Wired) Spain and Portugal Suffired A Massive Blackout Earlier this Week. Wired Dug Into Some of the Technical Issues at Play.
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