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As the crypto currency industry proliferates in the mainstream, demands for its en force ment by government agencies are growing, including the United States Internal Revenue Service (IRS), which has recently brought in two private-sector experts to assist in its efforts. Specifically, the IRS has hired as executive advisors Sulolit ‘Raj’ Mukherjee, JD, a former Global Head of Tax at a private blockchain software technology firm, and Seth Wilks, CPA, who has worked extensively in the area of crypto asset tax policy, the agency said in a press release on February 27. Bolstering crypto enforcement Commenting on the development, IRS Commissioner Danny Werfel highlighted the complexity of the rapidly growing crypto sector , the importance of intensifying en force ment in this area for the sake of taxpayers and the country as a whole, as well as stressing the IRS’s activities to this end: Picked for you Here's what crypto the jailed FTX founder is advising prison gua...

Join Our Telegram channel to stay up to date on breaking news coverage A rift in the Democratic Party seems to have developed as Congress finally considers whether and how to seriously regulate the crypto business. Some of its legislators are thinking about how to use blockchain technology as a force for innovation while reining in some of its early excesses. There is a group that emerged that thinks crypto currency is useless and overhyped. Sen. Jon Tester, a Democrat from Montana said, “It’s all bullshit”. He claimed that he was cautious of the sector even before the recent failure of the cryptocurrency exchange FTX and that recent encounters with proponents had not given him any more faith in the sector’s underlying worth. “In my opinion, it fails the smell test. What supports it is beyond me. Sen. Elizabeth Warren, a Democrat from Massachusetts, said in an interview on Wednesday that “finally, more people are blowing the bullshit whist...