Prosecutors alleged that Ver concealed ownership of large Bitcoin holdings from the Internal Revenue Service while living abroad, thereby depriving the U.S. government of tens of millions of dollars in tax revenue.
People familiar with the matter told the newspaper that under the current proposal, Ver would pay roughly the same $48 million amount to the US government. If he agrees to the settlement’s terms, the Justice Department could move to drop the criminal charges.
The tentative agreement comes amid a broader shift in Washington’s approach to digital assets under the Trump administration.
Since returning to the White House earlier this year, Trump has signaled support for the crypto industry by easing regulatory pressure on firms like Coinbase and Binance and appointing more industry-friendly officials to lead financial agencies.
