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News in English (USA) / 17.07.2026 / 09:00

Leadership Crisis at Treasury Following Ouster of Top Tax Official

The recent departure of Kenneth Kies, a top tax official at the Treasury Department, has raised significant concerns regarding the stability of the agency. His exit reportedly stems from clashes with the White House over IRS audits, with allegations that his warnings about potential legal violations were ignored. Senators are expressing worries about the impact of these departures on agency functionality. In parallel, the Senate Finance Committee is underscoring the urgent need for a comprehensive digital asset tax framework, as officials emphasize the importance of establishing clear guidelines for cryptocurrency taxation.
WSJ, The New York Times, Forbes, Senator Steve Daines (.gov), Punchbowl News, Bloomberg Government News, Law360, Legis1, TradingView, Crypto Briefing