IRS Appoints Trish Turner to Lead Crypto Division Amid Key Resignations

By: btc-pulse|2025/05/06 19:45:01
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Trish Turner to Head IRS Crypto Division The US Internal Revenue Service has named Trish Turner as the new leader of its digital assets division, following Sulolit “Raj” Mukherjee and Seth Wilks’ departure. Turner is a 20-year IRS veteran and was formerly a senior adviser at the agency’s Digital Assets Office. Her timing is good as the IRS increases its focus on cryptocurrency compliance and navigates changing political tides in Washington. Leadership Shake-Up Amid Increased Crypto Oversight Mukherjee and Wilks, both hired from the private sector to bring experience to the IRS’s crypto enforcement, both quit May 5 after roughly a year on the job. Wilks, who led strategy and development, cited surviving at work and a difficult federal working environment as reasons for quitting. Mukherjee quit through a statement to Bloomberg Tax, and Wilks explained his reasons on LinkedIn. IRS Expands Crypto Enforcement In more recent times, the IRS has stepped up its enforcement efforts on the crypto space, undertaking further audits and criminal investigations into crypto asset transactions. Efforts to expand broker reporting requirements to crypto and DeFi exchanges were pushed back and then repealed under the Trump administration. One of those rules, intended to broaden reporting requirements to DeFi platforms by 2027, was criticized broadly for its potential effect on the sector. Washington’s Softer Crypto Stance Turner’s tenure starts during a wider federal movement toward lenience in digital asset regulation. The Trump administration has unwound several initiatives viewed as restrictive, such as suspending SEC enforcement activity and disbanding the DOJ’s crypto unit. Meanwhile, internal strife at the IRS is on the rise. Trump’s delayed resignation policy has prompted over 23,000 IRS employees to express interest in resigning, and the concern is that it will lead to morale and operating continuity problems. Turner’s appointment is also expected to put the agency’s crypto unit back on stable footing as it deals with both regulatory rebalancing and internal conflict.

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WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

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