Roger Ver may pay the US $48 million and walk free, NYT reported

Roger Ver may pay the US $48 million and walk free, NYT reported

By Crypto news
One of the earliest Bitcoin popularizers, libertarian activist, and the mastermind behind Bitcoin Cash, Roger Ver, no longer faces 109 years in prison for tax evasion and mail fraud. He reached a tentative agreement with the U.S.

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**Roger Ver Avoids 109-Year Prison Sentence with $48 Million Settlement Deal**

Bitcoin Cash founder and early Bitcoin advocate Roger Ver has reportedly reached a tentative $48 million settlement agreement with U.S. authorities, potentially avoiding a devastating 109-year prison sentence for tax evasion and mail fraud charges. The cryptocurrency pioneer, known as "Bitcoin Jesus" for his early promotion of digital assets, faced severe federal prosecution that could have significantly impacted the broader crypto community.

Ver's legal troubles stemmed from alleged tax violations related to his cryptocurrency holdings and business operations. As one of Bitcoin's earliest popularizers and a prominent libertarian activist, Ver played a crucial role in cryptocurrency adoption before creating the controversial Bitcoin Cash fork in 2017.

This settlement marks a significant development for the cryptocurrency industry, as Ver's case was closely watched by blockchain enthusiasts and digital asset investors. The resolution allows Ver to avoid decades in federal prison while settling his obligations with U.S. tax authorities. The agreement highlights ongoing regulatory challenges facing cryptocurrency entrepreneurs and the importance of proper tax compliance in the evolving digital asset landscape.

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Market Sentiment
neutral
Category
bitcoin
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Bitcoin

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