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Trump pardons BitMEX, is ‘Bitcoin Jesus’ Roger Ver next?

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Vitalik Buterin, Ross Ulbricht, and Tucker Carlson are among those urging President Donald Trump to pardon Roger Ver, aka Bitcoin Jesus.

Known as Bitcoin Jesus for his early advocacy of Bitcoin, Ver faces up to 109 years in prison on tax charges, including allegations of evading $48 million in taxes. Despite renouncing his U.S. citizenship in 2014 to avoid prosecution, Ver’s legal troubles resurfaced when he was arrested in Spain in 2024. But following the president’s earlier pardons of figures like Ulbricht and BitMEX co-founders, observers wonder whether Ver’s would catch a break. Is a pardon on the way, or will Ver’s legal troubles continue?

Read on for a closer look.

Crypto cronies

After Trump embraced cryptocurrency, many crypto leaders rallied to support him by donating funds to his inauguration and hobnobbing at galas.

Trump also , which industry brass celebrated.

In return, Trump signed an order to stockpile tokens and swiftly acted in favor of the industry. Under Trump-appointed SEC chair Mark Uyeda, investigations into several cryptocurrency companies, including Immutable, Crypto.com, Ripple, and Coinbase, were dismissed.

In a notable move on Thursday, March 27, Trump pardoned BitMEX co-founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who had pleaded guilty to federal charges related to money laundering and regulatory violations. The trio was convicted for failing to implement anti-money laundering measures at BitMEX, which prosecutors had labeled a “money laundering platform.” Reed had also violated the Bank Secrecy Act and paid a $10 million fine. But under Trump, it seems all is forgiven.

This has sparked speculation on whether Ver, a prominent figure in the crypto world, could also receive the same courtesy.

Ver, a Silicon Valley native with a libertarian streak, was deeply involved in the early days of cryptocurrency, investing in companies like Kraken, Ripple, and Blockchain.com. In 2017, Ver hyped Bitcoin Cash (BCH) as more suitable for everyday payments.

Ver’s past

In 2000, by the age of 20, Ver began to participate in libertarian party debates. 

During these debates, he made critical statements about the agents of the Bureau of Alcohol, Tobacco, and Firearms, calling them “murderers” and referencing their involvement in the scandalous Waco Siege in which dozens of children were killed in a standoff between FBI and ATF agents and Branch Davidian cult followers. Ver didn’t know that ATF agents were present during these debates.

In the 2000s, Ver became involved in e-commerce. On top of tech enterprises, Ver was selling firecrackers on eBay. After selling unlicensed firecrackers in 2001, he was charged and spent 10 months in prison. The fact that he was locked in jail instead of being fined or notified about the necessity of obtaining a license led Ver to think that the case was politically motivated and that his criticism of ATF was the real reason behind his prosecution. Without fear of further persecution, Ver left the U.S. after his post-prison probation ended.

By 2011, Ver learned about Bitcoin and became one of its first investors. He also advocated for Bitcoin long before it went mainstream, with multi-million investments and national leaders talking about its importance for the future of their countries. 

The key points of Ver’s advocacy for Bitcoin were the financial freedom of individuals and the stopping of government and banks from interfering in people’s lives.

Since February 2014, Ver has been a citizen of Saint Kitts and Nevis. He claims that he had to renounce his U.S. citizenship after long-lasting targeting from the U.S. government.

In April 2024, he was indicted and arrested in Spain on charges of U.S. tax evasion and mail fraud. Ver is accused of dodging $48 million in taxes after earning up to half a billion dollars through cryptocurrencies. 

According to prosecutors, Ver failed to pay his “exit tax” on 131,000 BTC owned by his two companies when he left the U.S. and provided false info to the law firms filing Ver’s tax returns. Allegedly, he sold his bitcoins in 2017 without notifying the financial attorneys.

Ver clarifies that three charges of mail fraud (combined, punishable by 19 years behind bars) are based on the three letters with his tax returns he sent to the Internal Revenue Service (IRS).

Ver denies he committed crimes such as tax evasion and mail fraud. He insists he was doing his best to comply with the nascent Bitcoin taxation rules, and that his prosecution was politically motivated. 

In December, he began his legal fight against the prosecution, denying all the charges. He filed a motion to dismiss charges, but the government rejected it in January.

Ver’s legal team challenged an exit tax as “an unconstitutional burden on the fundamental right to expatriate.” For people like Ver, who have substantial amounts of low-liquidity assets, the exit tax may be prohibitive. The government suggests Ver is a fugitive. He disagrees with this status as he doesn’t hide and didn’t commit crimes for which he is judged while living in the U.S.

On March 1, Ethereum’s Buterin published an X post arguing that the exit tax doesn’t exist in most other countries and called it the “tax-by-citizenship” and “extreme.”

In addition, Buterin mentioned that the IRS obtained some of the information by intimidating Ver’s lawyers. The Ethereum founder added:

“Genuine good faith mistakes should be treated by giving the actor the opportunity to pay back taxes if needed with interest and penalties, not with prosecution.”

Will Bitcoin Jesus be pardoned?

Trump promised to pardon Ross Ulbricht if get elected. Ulbricht, the man behind the Silk Road marketplace charged for money laundering and drug trafficking, is an important figure in the history of Bitcoin as his marketplace drove Bitcoin’s adoption. After the inauguration, Trump indeed pardoned Ulbricht to much acclaim. 

Soon, various crypto advocates began to urge Trump to pardon Roger Ver. On Jan. 21, 2025, following the pardon of Ross Ulbricht, an X influencer using the moniker Rothmus published a short post calling for the pardon of Ver to which Elon Musk replied: “will inquire.” This reply gave the community hope for the pardon of Bitcoin Jesus.

https://twitter.com/Rothmus/status/1881536312710402268

On March 17, Marla Maples, Trump’s ex-wife, took to X to share a touching video where people who met Ver tell their stories of his generosity.

It is not clear, though, if the POTUS paid attention to this post.

The hope for a pardon of Ver was seriously undermined on Jan. 26, when Elon Musk suddenly, via an X post, stated that Ver would not be pardoned because he gave up his U.S. citizenship.

The statement drew much criticism, as Musk is not an elected official and cannot decide who to pardon and who not to. He is, however, Trump’s advisor and was a major donor to his “MAGA” campaign.

More than that, the POTUS is not prohibited from pardoning non-U.S. citizens. Finally, many commented that Ver had to renounce his citizenship under pressure from ATF and a U.S. prison sentence.

A few hours after Musk’s tweet, Ver took X to post a video in which he briefly explained why he was prosecuted and asked Trump for a pardon.

In the video, Ver stated that he is American and that renouncing his citizenship was one of the “hardest and saddest decisions [he] ever made.”

After Ulbricht, Hayes, Delo, and Reed received presidential pardons, others, including Angela McArdle, who currently serves as Chair of the national Libertarian Party, called for freeing Ver as well.

“Let’s pray Roger Ver is next!” she declared on Friday.

It remains to be seen whether Musk made skeptical comments over the possibility of Ver’s clemency on Trump’s behalf or if it was only his view of the situation.

At last check Saturday, Trump hasn’t commented on Ver’s situation.





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Bitcoin

$90K Breakout Ahead as BTC Decouples from US stocks after China’s Tariffs

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Bitcoin price rebound 2.3% to reclaim the $84,100 mark on Friday, after China announced retaliatory tariffs on U.S. imports. Will BTC price trajectory decouple from US stocks?

Bitcoin holds key support as China escalates US trade war

On Friday, Bitcoin price rose 2.3% after China imposed a sweeping 34% tariff on U.S. imports, escalating global markets tensions.

This latest development intensifies fears of a prolonged trade war, sending shockwaves across traditional financial markets, prompting investors to reassess their portfolio.

Notably, China’s retaliatory measure comes just 48 hours after former President Donald Trump had introduced fresh tariffs on Chinese imports along with multiple other nations.

Bitcoin price action | BTCUSDTBitcoin price action | BTCUSDT
Bitcoin price action | BTCUSDT

Drawing insights from the CoinMarketCap chart above, BTC price briefly dipped to $81,600 before rebounding above the $84,100 mark, at press time.

While BTC’s price action remains under pressure, BTC appears to be attracting more inflows, as investor look diversify from potential impact of China’s tariffs on US firms revenues.

Bitcoin’s divergence from U.S. stocks signals decoupling trend

Despite the negative sentiment surrounding the escalating trade war, Bitcoin has maintained its footing above $82,000 throughout the week. This stability contrasts with the S&P 500, which has recorded a 6% decline over the same period, closing at lower levels each day.

S&P 500 plunges and China's tariffs tanks US stocks | April 4 | Source: NasdaqS&P 500 plunges and China's tariffs tanks US stocks | April 4 | Source: Nasdaq
S&P 500 plunges and China’s tariffs tanks US stocks | April 4 | Source: Nasdaq

The divergence between Bitcoin and traditional equities suggests a potential shift in investor behavior. As U.S. stock markets falter under the bearish overhang of the ongoing trade war, Bitcoin’s relative resilience could position it as a safer store of value.

If Bitcoin price can form a steady support base around the $81,000 level, it could beging attracting hedge demand from investors looking to mitigate exposure to stock market volatility.

Bitcoin price forecast: $85K breakout ahead of $81,000 support holds

As China’s retaliatory measures introduces fresh volatility, Bitcoin price forecast signals now indicate potential for a breakout above $85,000. However, this breakout remains contingent on BTC maintaining critical support at $81,000.

The daily Bollinger Bands indicate a tightening range, with BTC currently trading near $84,009.24. The lower band at $80,927.39 reinforces strong demand at this level, while the upper band at $88,104.90 signals a possible bullish breakout if momentum strengthens.

Bitcoin price forecastBitcoin price forecast
Bitcoin price forecast

The Nasdaq 100’s weakness further supports Bitcoin’s resilience. With major tech stocks like Apple and Cadence Design Systems (CDNS) posting losses, BTC’s ability to hold firm above $82,000 suggests it could be decoupling from U.S. equities.

As investors look to avoid the impact of China’s tarrifs on US firms, many investors could lean into BTC to mitigate the downside risks, potentially driving up Bitcoin prices towards $85,000.

The Relative Strength Index (RSI) stands at 47.22, reflecting neutral sentiment but trending slightly upward. A move above 50 would confirm renewed bullish momentum. Meanwhile, trading volume remains moderate at 30,140 BTC, suggesting accumulation rather than aggressive selling. If buying pressure intensifies, BTC could challenge resistance at $85,000, with a decisive break opening the door toward $88,000.

Conversely, a failure to sustain $81,000 could trigger $793 million in liquidations, amplifying downward pressure. However, given Bitcoin’s historical strength at this level, buyers remain well-positioned to defend it.

 

Frequently Asked Questions (FAQs)

China’s tariffs create economic uncertainty, pushing investors toward Bitcoin as a hedge, potentially increasing demand and price stability.

Bitcoin has held above $82,000 despite the S&P 500’s decline, suggesting increased investor interest as a non-correlated asset.

The $81,000 support is critical. A breakout above $85,000 could signal bullish momentum, while a drop risks mass liquidations.

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ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Here’s why Bitcoin, altcoins, and the stock market continued falling on Friday

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Bitcoin, altcoins, and the stock market continued their downward trend on Friday as the trade war between the U.S. and China escalated.

Bitcoin (BTC) price dropped to $82,000, erasing some of the gains made during the Asian and European markets. Ethereum (ETH) dropped below $1,800, while the market cap of all coins fell to $2.64 trillion.

The stock market’s performance was even worse as futures tied to the Dow Jones, S&P 500, and Nasdaq 100 indices plunged by over 3%. This means that these blue-chip indices have all moved into a correction. 

Trade war escalates

Bitcoin, altcoins, and equities declined after China announced its retaliatory measures against the U.S. In a statement, Beijing said it would impose a 34% tariff on all goods imported from the U.S.

In addition, China will restrict exports of certain rare earth minerals, halt sorghum imports from U.S. companies, and add 11 American firms to its unreliable entity list.

These measures mark the most significant response to Donald Trump’s Liberation Day tariffs. Other countries, especially those in Europe, have called for negotiations to prevent the trade war from expanding.

Trump and senior officials have warned that the U.S. will deliver reciprocal tariffs on any country that retaliates. They’ve urged trading partners to lower their tariffs and non-tariff barriers instead.

Therefore, Bitcoin, altcoins, and the stock market are falling as these actions lead to higher odds of a recession. Polymarket data shows that traders have boosted their recession odds to 56%. Companies like Goldman Sachs and PIMCO have also boosted their recession odds. 

These fears have pushed market sentiment into extreme territory. The CNN Money Fear and Greed Index dropped to 6, the lowest reading since the onset of the COVID-19 pandemic.

Investor pessimism intensified after billionaire and former Bond King Bill Gross warned against buying the dip. He said:

“Investors should not try to ‘catch a falling knife. This is an epic economic and market event similar to 1971 and the end of the gold standard except with immediate negative consequences.”

Bitcoin, altcoins, and the stock market fall after NFP data

Markets also weakened after the U.S. released the latest nonfarm payrolls (NFP) report. The data showed that unemployment rose to 4.2% in March, up from 4.1% in February.

The economy added 228,000 jobs, beating analysts’ median forecast of 137,000. However, the manufacturing sector, which Trump aims to protect with his tariff policy, created just 1,000 jobs.

These figures will likely have minimal impact on the Federal Reserve, which remains focused on inflation and GDP growth.

Meanwhile, the bond market is signaling expectations of lower interest rates. The 10-year Treasury yield fell to 3.89%, while the 30-year and 2-year yields declined to 4.38% and 3.5%, respectively. If the Fed cuts rates, it would likely be bullish for Bitcoin, altcoins, and the broader stock market.



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Bitcoin Falls Back to $83K, XRP, SOL, DOGE Surrender Gains as China Announces 34% Tariffs on All U.S. Goods

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Risk sentiment worsened during the European hours Friday after China announced retaliatory tariffs on all goods, responding to Trump’s Wednesday decision to boost the overall levy on Chinese goods to 54%.

Bitcoin, the leading cryptocurrency by market value, fell by $1,600 to $83,000, erasing the early rise to $84,600, CoinDesk data shows. Other tokens like XRP, ETH, SOL and DOGE also reversed early gains to trade largely flat on the day.

Meanwhile, futures tied to the S&P 500 and Nasdaq fell over 2% amid escalating global trade tensions.

“China’s response is not only negative for the U.S. but it is also impacting the global outlook,” ForexLive’s analyst Justin Low wrote in a market update.





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