The IRS plans to reduce disclosure penalties for crypto tax violations. The move is intended to encourage compliance, but could lead even more crypto users to neglect their tax obligations. I believe this could have some positive effects, but we should remain alert to the risk of compliance costs being passed on to ordinary investors. #IRSPlansLowerTaxDisclosurePenalties $BTC #IRSPlansLowerTaxDisclosurePenaltiesForCryptoCases