Ver – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Mon, 03 Mar 2025 14:23:55 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Ver – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Vitalik Buterin Calls Charges Against Bitcoin OG Roger Ver ‘Absurd’ and Something To Stand Against https://earlybirdsinvest.com/vitalik-buterin-calls-charges-against-bitcoin-og-roger-ver-absurd-and-something-to-stand-against/ https://earlybirdsinvest.com/vitalik-buterin-calls-charges-against-bitcoin-og-roger-ver-absurd-and-something-to-stand-against/#respond Mon, 03 Mar 2025 14:23:54 +0000 https://earlybirdsinvest.com/vitalik-buterin-calls-charges-against-bitcoin-og-roger-ver-absurd-and-something-to-stand-against/

Ethereum (ETH) creator Vitalik Buterin says that the US government’s targeting of early Bitcoin (BTC) pioneer Roger Ver is an “absurd” and unreasonable persecution.

Ver, an early Bitcoin investor who later decided to support the Bitcoin Cash (BCH) fork, was arrested in Spain in late April of 2024 at the direction of the U.S. Department of Justice (DOJ).

He faces multiple charges, including mail fraud, tax evasion and filing false tax returns amounting to a maximum of 109 years in prison.

However, Buterin says the charges against Ver appear politically motivated and compares the case to that of Ross Ulbricht, who was sentenced to life in prison for creating the online marketplace The Silk Road before receiving a pardon from President Trump.

“Going to prison for the rest of your life over non-violent tax offenses is absurd. The case against Roger seems very politically motivated; like with Ross Ulbricht, there have been plenty of people and corporations who have been accused of far worse and yet faced sentences far milder than what Roger is facing.

The argument that the flashlight on him is motivated by things he said (namely, his advocacy of freedom and refusal to accept the legitimacy of coercive state power) seems compelling. This is worth standing against because selective prosecution for unrelated offenses is a common way of circumventing protections like the First Amendment (or in more authoritarian countries, even more basic things like the moral prohibition against punishing people for the crimes of their family members).”

Despite renouncing his United States citizenship in 2014 after obtaining citizenship in Saint Kitts and Nevis, authorities say Ver should have filed tax returns that reported capital gains from the sale of his worldwide assets, including his Bitcoin, and reported the fair market value of his assets.

Says Buterin,

“The US tax-by-citizenship and associated exit tax regime is extreme; the former is shared by almost no other countries in the world, and the latter is on the high end of what countries do (eg. UK only charges capital gains if you return within 5 years)…

Genuine good faith mistakes should be treated by giving the actor the opportunity to pay back taxes if needed with interest and penalties, not with prosecution.”

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Free "Bitcoin Jesus": Silk Road Creator Ross Ulbricht Fights to Save Roger Ver https://earlybirdsinvest.com/free-bitcoin-jesus-silk-road-creator-ross-ulbricht-fights-to-save-roger-ver/ https://earlybirdsinvest.com/free-bitcoin-jesus-silk-road-creator-ross-ulbricht-fights-to-save-roger-ver/#respond Sat, 22 Feb 2025 06:54:39 +0000 https://earlybirdsinvest.com/free-bitcoin-jesus-silk-road-creator-ross-ulbricht-fights-to-save-roger-ver/

Ross Ulbricht, the former operator of Silk Road who was recently pardoned, is speaking out in support of Roger Ver, also known as “Bitcoin
BTC


$96,476.34

Jesus”.

Ver is facing tax-related charges in the United States, which could lead to a prison sentence of more than 100 years if he is extradited.

Ulbricht took to X on February 20, saying Ver had supported him while he was imprisoned, and he wanted to return the favor. “Roger Ver was there for me when I was down and needed help. Now Roger needs our support”, he wrote.

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Additionally, Ulbricht argued that prison time for tax-related offenses is excessive, adding, “Let him pay the tax (if any) and be done with it”.

Ver was arrested in April 2024 based on US charges of tax evasion, fraud, and filing false tax returns. Prosecutors claim he misreported capital gains from Bitcoin sales and undervalued two companies when he gave up his US citizenship in 2014 to become a Japanese citizen.

Ver denies the allegations, arguing that the process for paying the required tax was unclear at the time due to the limited liquidity of Bitcoin.

On January 26, Ver shared a video on X calling on US President Donald Trump for help. He claimed that only Trump’s “commitment to justice” could prevent his extradition and imprisonment.

Meanwhile, the viral “Hawk Tuah” girl, Haliey Welch, recently made a brief appearance following the troubled launch of her meme coin. How? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
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