Bessant and Musk sparked a power struggle, and the head of the IRS will be removed from office
according to AXIOS website citing five informed sources, the acting commissioner of the US Internal Revenue Service is about to be replaced. Prior to this, Treasury Secretary Besent complained to President Trump that the agency's latest leader was appointed at the behest of Musk without his knowledge. Besent believes that Musk bypassed him and appointed Gary Shapley as the acting head of the IRS, which falls under the jurisdiction of the Treasury Department. Sources said that Musk's Department of Government Efficiency pushed for this appointment through White House channels, without consulting Besent or seeking his approval.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether posts $1 billion Q1 profit with $5.6 billion reserves

Stocks and Bitcoin rally together as decoupling theory fades

Australian election will lead to pro-crypto laws regardless of winner

Animoca Brands targets crypto trends with stablecoins and Web3 gaming

Trending news
MoreCrypto prices
More








