The post Unsettled U.S. Crypto Tax Scene appeared on BitcoinEthereumNews.com. The latest news out of the Internal Revenue Services is another high-profile crypto exit, again leaving the tax agency’s digital assets operation rudderless, even as newly arriving tax policies will spur a crypto filing surge. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Trish Walker, the chief of the IRS digital assets office exited shortly after taking over that role. As she joins two other recently departed IRS crypto officials in heading toward the private sector, the agency is left in a leadership lurch. The tax arm of the Treasury Department isn’t yet saying who will take over this massively growing area of the U.S. tax system. Why it matters The industry has been waiting for Congress to hatch some friendlier tax provisions for crypto, but for now, it gets the policies that are on the books. This includes some newly established forms and filings, such as the 1099-DA document that potentially millions of people will be getting for the first time from their crypto brokers. Breaking it down With a tsunami of new crypto filings expected to come from the 2025 tax year — including from taxpayers who didn’t report earlier year income because of the confusion over how it should be handled — the agency’s crypto experts will presumably be worth their weight in gold. But the IRS has been slashing its budget and its personnel, with more than 20,000 employees out the door after the Elon Musk-driven federal staff reductions. (Two of the recent crypto departures were part of that personnel purge.) This seems to be setting the U.S. tax agency up for a crypto workload crisis, and in a time that it seems short on experienced leadership in… The post Unsettled U.S. Crypto Tax Scene appeared on BitcoinEthereumNews.com. The latest news out of the Internal Revenue Services is another high-profile crypto exit, again leaving the tax agency’s digital assets operation rudderless, even as newly arriving tax policies will spur a crypto filing surge. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative Trish Walker, the chief of the IRS digital assets office exited shortly after taking over that role. As she joins two other recently departed IRS crypto officials in heading toward the private sector, the agency is left in a leadership lurch. The tax arm of the Treasury Department isn’t yet saying who will take over this massively growing area of the U.S. tax system. Why it matters The industry has been waiting for Congress to hatch some friendlier tax provisions for crypto, but for now, it gets the policies that are on the books. This includes some newly established forms and filings, such as the 1099-DA document that potentially millions of people will be getting for the first time from their crypto brokers. Breaking it down With a tsunami of new crypto filings expected to come from the 2025 tax year — including from taxpayers who didn’t report earlier year income because of the confusion over how it should be handled — the agency’s crypto experts will presumably be worth their weight in gold. But the IRS has been slashing its budget and its personnel, with more than 20,000 employees out the door after the Elon Musk-driven federal staff reductions. (Two of the recent crypto departures were part of that personnel purge.) This seems to be setting the U.S. tax agency up for a crypto workload crisis, and in a time that it seems short on experienced leadership in…