Wire · regulatory
US Congress Weighs Penalty Relief for Voluntary Disclosure of Crypto Tax Violations
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Fusion42 · 19 October 2026 · Fusion42 review
The US Congress is considering the Digital Asset Tax Certainty Act to introduce a voluntary disclosure program that reduces penalties for crypto tax violations if taxpayers disclose within 12 months, pay owed taxes and interest. The bill passed a key committee and awaits full Congressional and presidential approval.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You need to factor lower enforcement risks into your US crypto tax planning now as voluntary disclosure could become a way to resolve past issues quickly and with reduced penalties. Prepare your compliance and customer advisory processes for smoother onboarding as the market moves towards regulatory normalisation.
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1 source · 19 Oct 2026
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