‘Bitcoin Jesus’ Roger Ver Settles $50M Tax Case With US DOJ Over Undeclared Holdings

Roger Ver has reached a settlement with the US Department of Justice (DOJ), admitting that he willfully failed to disclose his Bitcoin holdings when he renounced his US citizenship in ￰0￱ Takeaways: Roger Ver settled with the US DOJ, admitting he hid Bitcoin holdings when renouncing US citizenship in ￰1￱ paid nearly $50 million in back taxes and penalties, leading the government to drop its indictment. Ver’s case ties into Trump-linked lobbying efforts as speculation about a potential ￰2￱ to the DOJ , Ver, the early Bitcoin advocate famously known as “Bitcoin Jesus,” entered into a deferred prosecution agreement, agreeing to pay nearly $50 million in back taxes, penalties, and interest to the Internal Revenue Service (IRS).

US Drops Indictment After Roger Ver Pays $50M in Tax Settlement Prosecutors said his omission caused a $16.9 million loss to the US ￰3￱ exchange for the payment, the government has moved to dismiss the indictment against him. “Mr. Ver is accepting responsibility for his actions and has agreed to pay a substantial penalty,” said Acting ￰4￱ Bill Essayli in a statement on Tuesday. Ver, who became a citizen of ￰5￱ and Nevis in 2014, was arrested in Spain last year and extradited to the United ￰6￱ case was led by the IRS Criminal Investigation Cyber Crimes Unit, which investigates tax evasion involving digital ￰7￱ settlement confirms reports that Ver and the DOJ had been finalizing a resolution to the $48 million tax-evasion case.

Meanwhile, speculative trading on Polymarket briefly pushed odds of a Trump pardon for Ver to 50% before falling back to around 13% following the DOJ’s ￰8￱ Ver is facing life in prison for revealing how the US government worked secretly to subvert cryptocurrency and prevent economic ￰9￱ people should hear this story. (0:00) Roger Ver Facing Extradition (7:49) The Hijacking of Bitcoin (12:18) How the Government… ￰10￱ — Tucker Carlson (@TuckerCarlson) December 10, 2024 Ver has sought to align himself with Trump’s orbit throughout his legal ￰11￱ this year, he paid $600,000 to Trump ally Roger Stone to lobby against the tax provisions central to his ￰12￱ records also show that Ver hired attorneys Christopher Kise and Brian Ballard, both of whom have long-standing ties to Trump’s political ￰13￱ Justice Department accused Ver of hiding the true value of his Bitcoin ￰14￱ filings were connected to his decision to renounce US ￰15￱ that time, Americans were required to pay an “exit tax” on all global assets, including ￰16￱ argued that by concealing his holdings, Ver deprived the US of millions in ￰17￱ House Weighs Pardon for Binance Founder Changpeng ‘CZ’ Zhao The White House has reportedly intensified discussions over a potential presidential pardon for Binance founder Changpeng “CZ” Zhao, according to an October 12 New York Post ￰18￱ cited by Fox Business journalist Charles Gasparino claim that President Donald Trump is “leaning toward a pardon,” despite concerns among advisors about how it could appear given his financial ties to the crypto ￰19￱ pleaded guilty in November 2023 to failing to maintain adequate anti-money laundering controls at Binance, leading to his resignation as ￰20￱ talks come nearly a year after Zhao publicly hinted he “wouldn’t mind a pardon” following President Joe Biden’s controversial decision to pardon his son, Hunter Biden, in ￰21￱ potential pardon has already sparked backlash from Senator Elizabeth Warren, who sent a letter to White House Counsel David Warrington and Deputy Attorney General Todd Blanche, warning that Zhao’s request raises “urgent concerns about the integrity of the justice system.”