Former Head of IRS Digital Assets Reveals What Happens Next for Crypto - Sulolit Raj Mukherjee

Jun 5, 2025

Sulolit Raj Mukherjee, founder and CEO of Bodin Advisory, previously served as the IRS's head of digital assets. He shares insights from his journey in traditional finance to crypto, emphasizing the importance of collaboration in regulatory frameworks. The discussion dives into the IRS's evolving approach to crypto regulations, including advancements like the 1099 forms set for 2026. Mukherjee also addresses the complexities of DeFi regulations and the future of stablecoins, pushing for balanced regulations that foster innovation while ensuring consumer protection.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

ANECDOTE

TradFi to Startup Culture Shock

Raj Mukherjee transitioned from traditional finance to crypto through Coinbase in 2017.
He experienced a culture shock moving from corporate banking to a startup environment embracing crypto.

INSIGHT

Crypto's Diverse Regulatory Needs

The crypto industry is evolving with diverse needs due to DeFi and institutional involvement.
Regulatory approaches must balance libertarian ideals with safety demands of traditional finance entrants.

INSIGHT

Challenges of Instant Settlement

Instant settlement in tokenization contrasts with traditional netting, posing risks.
Intermediaries' roles must evolve to protect investors within new blockchain frameworks.

Get the Snipd Podcast app to discover more snips from this episode

Get the app