IRS Appoints Two Executive Advisors for Digital Assets Programs

According to Blockworks, the Internal Revenue Service (IRS) has appointed two new executive advisors to help develop its service, reporting, compliance, and enforcement programs for digital assets. Sulolit “Raj” Mukherjee, the former global head of tax at Consensys, and Seth Wilks, the former vice president of government relations at crypto tax software firm TaxBit, have joined the team. Both Mukherjee and Wilks have been long-time industry colleagues and friends, as mentioned in a LinkedIn post.

IRS Commissioner Danny Werfel stated in a press release that the digital asset space is an “evolving sector” with significant tax administration implications. He emphasized the importance of incorporating expertise from the private sector to work with the IRS team in order to successfully build the agency’s efforts involving digital assets. This move comes just months after IRS division chief Jim Lee announced that crypto tax evasion cases were on the rise.

In other hiring news, Readygg, a Web3 and NFT gaming infrastructure company, has added a senior executive from Sony’s PlayStation Division as an advisor. The company aims to seamlessly migrate Web2 games onto the blockchain and plans to release its own RDYX token to support ecosystem functionality. Additionally, interoperability platform Wanchain announced Temujin Louie as the new CEO, succeeding Jack Lu, while Saqr Ereiqat, co-founder of Crypto Oasis Ventures, became CEO of market maker TDMM. WOO X also appointed former Credit Suisse lead Bryan Chu as chief product officer.