IRS Hires Binance.US and TaxBit Execs to Regulate Taxation

• Former Binance.US executive Sulolit “Raj” Mukherjee has joined the IRS.
• VP of government relations and success at TaxBit, Seth Wilks, also followed Mukherjee. 
• The IRS seeks to mandate crypto firms furnish detailed data on their clients

In a strategic move to enhance its presence in the digital asset sector, the Internal Revenue Service (IRS) has enlisted the expertise of two seasoned digital-asset executives, signaling a proactive approach toward crypto compliance and enforcement.

Sulolit “Raj” Mukherjee, former global head of tax at blockchain software company ConsenSys and a previous contributor at Binance’s US unit, has been appointed as an adviser to the IRS. Joining Mukherjee is Seth Wilks, the recent vice president of government relations and success at TaxBit, a prominent crypto tax software firm. 

Both executives are set to play pivotal roles in steering the agency’s efforts in crypto compliance and enforcement, according to a report from Bloomberg, citing a statement released by the IRS.

While the prices of cryptocurrencies continue to surge, the IRS is gearing up to implement final regulations that will mandate crypto brokers, includi…

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