Roger Ver and His Legal Troubles
Roger Ver, known as “Bitcoin Jesus” for his early advocacy and investment in cryptocurrency, recently made headlines by engaging Roger Stone, a prominent figure in Donald Trump’s circle, to influence legislation regarding his current legal challenges. According to reports from the New York Times, Ver has disbursed $600,000 toward Stone’s lobbying efforts in connection with charges of mail fraud, tax evasion, and false tax filing. Notably, Ver allegedly cost the IRS around $48 million due to the fraudulent actions ascribed to him.
Maintaining Innocence Amidst Serious Accusations
Despite facing serious accusations that could lead to a lengthy prison sentence, Ver maintains his innocence. He cites difficulties in fulfilling the requirements of the exit tax during a tumultuous time in the cryptocurrency market, claiming the trading landscape was particularly illiquid. In a plea directed at Trump via social media earlier this year, Ver expressed his fear of serving more than a century in prison due to his cryptocurrency promotion activities.
Shifting Political Support for Cryptocurrency
The move to lobby Congress occurs amid a noticeable shift in political leaders’ attitudes toward cryptocurrency. This is especially evident with President Trump’s recent endorsements of various crypto advocates, including granting clemency to figures like Ross Ulbricht, the creator of the Silk Road darknet marketplace. Last month, Ulbricht called on supporters to rally for Ver, stating online,
“Roger Ver was there for me in my time of need. Now it’s our turn to support him.”
He argued that no individual should face lifelong imprisonment for tax-related offenses.
Stone’s Role and Advocacy
In a related development, Roger Stone filed necessary documentation in February, indicating that he has been officially engaged by Ver for lobbying purposes. However, Stone has clarified that he is not leveraging his long-standing relationship with Trump, nor has he approached any government officials or the President regarding Ver’s situation. He insists that his role is purely to provide advice to Ver’s legal representation.
Last December, Stone expressed his belief that Trump should grant Ver a pardon, claiming such a move would demonstrate a commitment to the ideals of innovation and freedom in America.
Conclusion
As Ver’s situation evolves, Stone’s lobbying efforts may be crucial in shaping the legal landscape surrounding cryptocurrency regulation and the rights of individuals advocating for it.
