2025-03-02
Ethereum co-founder Vitalik Buterin has publicly criticized the potential life sentence facing early Bitcoin investor Roger Ver, describing it as absurd and politically motivated. Roger Ver risks 109 years in prison.
Buterin highlighted that many individuals and corporations accused of more severe offenses have received significantly lighter sentences.
Ver, often referred to as "Bitcoin
Jesus" for his early advocacy of cryptocurrency. Ver is known for being
one of the earliest and most vocal investors in Bitcoin.
He was indicted in April 2024 on charges including mail fraud, tax evasion, and filing false tax returns.
The U.S. Department of Justice alleges
that Ver concealed substantial Bitcoin holdings during his 2014 expatriation,
resulting in a tax loss of approximately $48 million to the IRS.
In response, Ver's legal team filed a
motion on December 3, 2024, to dismiss the charges, arguing that the IRS's exit
tax is unconstitutionally vague and violates both the Apportionment Clause and
the Due Process Clause of the U.S. Constitution.
Buterin's stance aligns with other
prominent figures in the crypto community. Ross Ulbricht, founder of Silk Road,
who was previously sentenced to life imprisonment and later pardoned, expressed
support for Ver, stating that no one should "spend the rest of their life
in prison over taxes."
Similarly, Kraken founder Jesse Powell
criticized the severity of the potential sentence, suggesting that authorities
are targeting Ver due to personal biases rather than the nature of his alleged
crimes.
Ver maintains that the charges are a
form of political retaliation for his outspoken advocacy of cryptocurrencies,
rather than genuine tax-related concerns.
As of now, Ver remains in Spain,
contesting extradition to the United States.
The case has intensified discussions
about the U.S. tax system, particularly the exit tax imposed on citizens
renouncing their citizenship with substantial assets, and its application to
digital assets like cryptocurrencies.