Two key figures within the Internal Revenue Service (IRS) have recently resigned, leaving a lasting impact on crypto tax policy. Seth Wilks and Raj Mukherjee, both formerly from companies involved with cryptocurrency, joined the IRS’s Crypto Asset Initiative in February 2024 to develop regulations around reporting, compliance, and audits for cryptocurrency assets. The IRS has been actively working to streamline its approach to digital asset taxation, implementing initiatives like the introduction of the 1099-DA form for reporting crypto transactions. However, their departures leave a void as the IRS undertakes a restructuring process that aims to address existing gaps in regulation. This move comes amid a broader trend in the IRS aiming to reorganize personnel and distribute responsibilities. The impact on cryptocurrency taxation remains uncertain as the IRS continues to explore comprehensive measures.