Trish Turner, an IRS veteran with over 20 years of experience, has taken over as head of the agency's digital assets unit. The unit is in charge of cryptocurrency taxation and enforcement.
Turner's hiring comes after the departure of Sulolit "Raj" Mukherjee and Seth Wilks, who formerly co-led the Office of Digital Assets. Mukherjee was the executive director of compliance and execution, and Wilks oversaw digital asset strategy and development. The leadership transition comes at a critical juncture, as the second Trump administration, which began in early 2025, has taken a pro-crypto position. This signals a change from the Biden administration's regulatory policy.
President Trump has made moves to signify a transition. He issued an executive order in January to establish a cryptocurrency working group. The panel is responsible for creating new regulations and establishing a cryptocurrency reserve in the United States.
Last month, Trump also signed a resolution to abolish a contentious cryptocurrency tax law enacted during the Biden administration. The administration's crypto-friendly approach could create a more favorable atmosphere for the industry.
The IRS may change its policies to strike a balance between enforcement and the growth of the crypto industry. This shift in political dynamics may alter the agency's approach, including adjustments to enforcement and reporting requirements.
