Federal prosecutors had accused Ver of failing to pay roughly $48 million in taxes tied to his bitcoin (BTC) holdings.

According to individuals familiar with the matter speaking with the New York Times, the deferred-prosecution agreement would require Ver to pay the amount owed, after which charges could be dropped if he complies with all conditions.

The deal, which has not yet been filed in court, aligns with a broader pattern of softened enforcement toward the crypto industry during President Trump’s second term. The administration has rolled back several crypto-related prosecutions and even pardoned figures like Silk Road founder Ross Ulbricht and the Bitmex exchange founders.

Ver, 46, has long been a popular figure in digital currency circles. Once a U.S. citizen, he renounced his citizenship in 2014 and was arrested in Spain last year on an extradition request from U.S. authorities. Prosecutors alleged he concealed the value of his bitcoin assets when filing exit tax paperwork. Ver denied any wrongdoing.

Ver has maintained that his prosecution was politically motivated, claiming on social media and in several interviews that he faced a potential century-long sentence for his advocacy of cryptocurrencies and pro-free-market views.

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