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>>A cryptocurrency project's creator resolves a protracted legal dispute with the United States.

A cryptocurrency project's creator resolves a protracted legal dispute with the United States.

crypthub

about 6 hours ago

Legal Resolution

Roger Ver, a prominent figure in cryptocurrency, is resolving fraud and tax evasion charges through a deal with the US Department of Justice. He will reportedly pay approximately $48 million to settle the charges, avoiding a trial. This agreement involves a deferred prosecution, meaning charges will be dropped if the terms are met.

Tax Debt and Charges

Ver, the founder of Bitcoin SV (BSV), was indicted for failing to pay a $48 million tax debt related to his digital assets in 2024. The deferred prosecution agreement, currently in draft form, requires the full payment to the state. Successful compliance will result in the dismissal of all charges.

Political Connections

Ver has engaged in political efforts to advance his case, reportedly contacting figures linked to former President Trump. He made payments to Roger Stone and worked with David Schoen, a lawyer involved in Trump’s second impeachment trial. Lobbying firms led by Christopher M. Kise and Brian Ballard were also part of these efforts.