The Founder of an Altcoin Settles a Long-Running Legal Battle: Reaches Agreement with the US

Roger Ver, one of the cryptocurrency world's leading figures, is set to clear himself of fraud and tax evasion charges as part of a deal he struck with the US Department of Justice (DOJ). Ver, the founder of Bitcoin SV (BSV), a Bitcoin-imitating altcoin, will reportedly pay approximately $48 million in exchange for the charges being dropped. According to sources familiar with the matter, 46-year-old Ver was indicted by federal prosecutors for failing to pay a $48 million tax debt incurred on his digital assets in 2024. Under a deferred prosecution agreement, which has not yet been filed with the court but is in draft form, Ver will pay the specified amount to the state, and if he complies with the terms, the charges in the case will be dropped entirely. Related News: Binance Founder CZ Makes Statement Following Recent Market Events The development is being viewed as an example of the Trump administration's tendency to loosen its previous years of strict regulatory control of the cryptocurrency sector. It has also been revealed that Ver has contacted figures close to Trump's circle to advance his case politically. The documents show Ver paid Roger Stone $600,000 this year and also worked with David Schoen, Trump's lawyer in his second impeachment trial. He also made deals with the lobbying firms of Christopher M. Kise and Brian Ballard. *This is not investment advice. Continue Reading: The Founder of an Altcoin Settles a Long-Running Legal Battle: Reaches Agreement with the US