On October 23, 2026, reports revealed that the United States tax authority intends to reduce financial penalties for individuals who voluntarily come forward about past tax infractions. The planned adjustments cover cryptocurrency reporting as well as conventional assets.
Under this upcoming structural revision, the agency aims to achieve quicker settlements for non-compliant taxpayers. The program will also introduce adaptable payment choices for people who decide to reveal their past non-compliance on their own initiative.
The tax news arrived alongside asset prices showing Bitcoin at $80,949.08, Ethereum at $2,381.61, and Solana at $102.56. Other assets included Cardano at $0.2107 and XRP at $1.29.
For traders holding perpetual futures positions, these planned regulatory adjustments change nothing directly regarding funding rates, trading fees, or contract liquidity across exchanges. The policy update focuses on personal tax compliance rather than derivatives market operations.
Source: cointelegraph — IRS plans lower tax disclosure penalties, including for crypto: Forbes