US moves to drop Bitcoin advocate Roger Ver’s tax case with $50M deal

A federal courtroom in California is nearer to dismissing felony costs towards Bitcoin lawyer Roger Ver, recognized to many as “Bitcoin Jesus.”

In a submitting Tuesday within the U.S. District Court docket for the Central District of California, the U.S. authorities submitted a movement for Decide Michael Fitzgerald to dismiss Ver’s costs with out prejudice.

The federal government mentioned it had reached an settlement with Ver to pay $49.9 million and “all taxes, penalties and curiosity” on tax money owed to the Inner Income Service (IRS) for his Bitcoin (BTC) holdings.

Supply: PACER

The proposed dismissal got here after the U.S. authorities filed a deferred prosecution settlement in September, setting out situations below which Ver would have his case dismissed. Ver admitted that he needed to file a declaration and pay taxes on sure crypto belongings earlier than renouncing his US citizenship in 2014.

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