Roger Ver Avoids Jail Time in Crypto Tax Case
Roger Ver, a key figure in Bitcoin’s early days, has dodged a 109-year prison sentence. He’s agreed to pay $48 million to settle tax evasion and mail fraud charges. This deal, reported by Teh New York Times,could end his legal troubles.
Ver faced these charges after leaving the U.S. without paying an exit tax on his Bitcoin gains. Prosecutors claim he sold his bitcoins in 2017 without informing financial authorities. Ver denies wrongdoing,saying the charges are politically motivated.
Some crypto enthusiasts and libertarians rallied for Ver’s pardon. Notable supporters include Vitalik Buterin and Charlie Kirk. They argued the case was unfair and politically driven. But Ver won’t get a pardon from Donald Trump, who didn’t intervene despite Ver’s connections.
Ver’s legal team includes lawyers who’ve worked with Trump. Yet, this didn’t sway the former president. Ver’s lawyer advised him to stay silent, so he hasn’t commented on the deal.
ver’s case highlights the crypto industry’s complex relationship with the law. While some see him as a victim of overzealous prosecution, others believe he should have paid his taxes. Regardless, this settlement could set a precedent for future crypto-related legal battles.
