Roger Ver Don Agree To $48M Exit Tax Settlement, Avoid Prison
Roger Ver, wey dem sabi as “Bitcoin Jesus,” don make one kind arrangement wey dem dey call deferred-prosecution agreement wit US Department of Justice to pay $48 million for exit tax and penalties. Di deal na for one kind alleged Bitcoin tax evasion on nearly $240 million gains wey happen from 2014 go reach 2017, and e still dey wait court approval. Di case go comot if Ver comply wit restitution and all di rules. Ver quench from US citizenship for 2014 and he fit face 109 years prison if dem catch am for no report Bitcoin gain and no pay exit tax after e move. Some people dey talk say dis tax settlement connected to pro-crypto stand of old President Trump—Ver also hire lawyers wey get connection to Trump—but dem never prove say Trump interfere directly. Crypto people like Vitalik Buterin and Ross Ulbricht dem dey ask make dem show clemency. Traders suppose sabi say dis settlement show say crypto regulation and tax enforcement dey grow, e mean say make dem dey comply well well, and e fit affect how market people dey feel, no be to affect Bitcoin price directly.
Neutral
As Roger Ver settle him $48M exit tax, e solve one major legal wahala and clear any doubt about wetin fit make im go prison, but e no fit affect Bitcoin price too much. For short term, traders fit still dey careful cos the case show say regulators dey watch crypto space well well. But as di case no go long and dem clear Ver legal wahala, e reduce one big compliance stress. For long term, e show say tax compliance matter but e no change how Bitcoin supply and demand take be or how people dey adopt am. So market go still steady, the news go just neutral for BTC trading.