Roger Ver and DOJ reach tentative $48M tax settlement deal
Early Bitcoin investor and Bitcoin Cash co-founder Roger Ver has reached a tentative settlement with the U.S. Department of Justice over criminal tax charges tied to an alleged $48 million loss to the government, The New York Times reported on Oct. 9.
Ver was arrested in April 2024 and charged with mail fraud, tax evasion, and filing false tax returns.
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.
Shifting climate for crypto enforcement
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.
Trump also granted clemency to Ross Ulbricht, the founder of Silk Road, during his first week in office. Ulbricht later publicly supported Ver, writing on X that “no one should spend the rest of their life in prison over taxes.”
Following news of Ver’s possible deal, traders on prediction platform Polymarket raised the odds of President Donald Trump issuing him a presidential pardon from 23% to 29%.
The post Roger Ver and DOJ reach tentative $48M tax settlement deal appeared first on CryptoSlate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Which Altcoin Narrative Comes Next? Privacy, Tokenization, Fast Blockchains and AI Memecoins Compared
Chainlink (LINK) Price Tests a Crucial Resistance—Is a Rise to $20 on the Horizon
AMD acquires World Labs for $8.2 billion, Fei-Fei Li appointed as Chief Scientist
AMD acquires AI startup World Labs in an all-stock transaction valued at approximately $8.2 billion. World Labs was co-founded by AI pioneer Fei-Fei Li and focuses on spatial intelligence and three-dimensional environment simulation. Upon completion of the transaction, Fei-Fei Li will serve as AMD's Executive Vice President and Chief Scientist. This move indicates that AMD aims to internalize model research capabilities as a driving force for chip design and to compete directly with Nvidia in physical AI domains such as robotics and simulation.
Dow Jones Industrial Average gives back Friday's rally on a Boeing delay
Crypto prices
More
