“Bitcoin Jesus” Roger Ver Urges Dismissal Of $50M Tax Evasion Case, Faces Possible extradition to the US

Bitcoin Jesus Roger Ver is urging US judges to dismiss his tax evasion lawsuit citing that the case against him is “violates constitution”.

According to Fox News, Ver and his lawyers are arguing that his tax evasion indictment should be dismissed in their first court appearance since his arrest in Spain in April.

The case in past had garnered immense traction from market participants and now lies on the mercy of administration departments. With many claiming that the case was a “war on crypto”

Ver Hopes For Case Dismissal Given Trump Administration’s Pro-Crypto Stance

Fox News highlights that White-shoe law firms Steptoe LLP and Kimura London & White, which comprises of Ver’s legal team, filed a motion to dismiss the indictment on Tuesday, claiming fraudulent evidence and unconstitutional government overreach.

As the president-elect Donald Trump pledged to stop the previous administration’s regulatory attack on the sector, they are hoping that a Trump administration that is friendly to cryptocurrency will drop the case.

Renowned Bitcoin influencer Roger Ver, also known as “Bitcoin Jesus,” was arrested in February while in Barcelona for a cryptocurrency conference.

Soon after the news broke, crypto market erupted in backlash against the move, with major industry figures and social media posts condemning it as just another example of the Biden administration’s “war on crypto.”

Ver’s Arrest Comes On Charges Of Misleading About Bitcoin Holdings

Following the unsealed eight-count criminal indictment by the US Attorney for the Central District of California, Ver was taken into custody.

The indictment claimed that Ver had understated the value of his bitcoin holdings in 2014 when he fled the United States for the Caribbean nation of Saint Kitts and Nevis and that he had neglected to pay nearly $50 million in taxes on the sale of approximately $240 million worth of bitcoin in 2017.

Ver’s attorneys wrote that the exit tax wrongfully requires “millions of dollars from expatriates in taxation that would not apply to anyone else.”

Ver concealed the quantity and value of Bitcoin he owned and controlled, both directly and through his California-based businesses, MemoryDealers and Agilestar, prosecutors claim, because he intended to leave the country.

Prosecutors allege that Ver underreported the value of his companies on an exit tax return filed in 2016 and collaborated with a law firm and appraisers on the exit tax, but provided them with misleading information about his Bitcoin.