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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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Why Is The Bitcoin Price Surging Today?

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Bitcoin price has risen as prices of cryptocurrencies fluctuate in preparation for President Donald Trump’s “Liberation Day” tariff implementations.

The price action follows as retaliatory tariffs are going to be imposed on a number of U.S. imports that caused uncertainty in financial markets. Bitcoin had ranged between a 24-hour low of $83,939.88 and a 24-hour high of $87,300.86, resting around $86,600 at the time of writing.

Market analysts are suggesting Bitcoin could be looking for a potential breakout if certain price levels hold through the weekly close.

Tariffs And Their Potential Impact On Bitcoin Price

CoinShares head of research James Butterfill warned in a February note that tariffs would likely have negative short-term effects on the BTC Price. “Unlike gold, bitcoin has a growth component, meaning it reacts to economic trends and liquidity cycles,” Butterfill explained.

The imposition of tariffs would slow down economic growth and decrease the demand for risk assets like cryptocurrencies. This slowdown in the economy would generally lower interest in riskier investments. This is since market participants move into more secure alternatives.

Also, tariffs raise inflation, which usually results in speculations of increased interest rates. These monetary policy changes tend to put downward pressure on Bitcoin price and other cryptocurrencies traditionally.

Another concern is Bitcoin’s correlation with stock markets during periods of economic uncertainty. Tariffs could cause a temporary price drop in crypto as traditional markets respond to the changing trade sector.

Technical Analysis Points To Possible Breakout

Analyst Rekt Capital highlighted Bitcoin’s recent price movement in a tweet. He noted that “Bitcoin has increased by +$2000 in the past hour.” The analyst suggested this places BTC close to positioning itself for a future breakout beyond the 21-week Exponential Moving Average (EMA).

Rekt Capital emphasized the importance of the weekly close. He stated that if Bitcoin closes above $87,650, it would signal a trend shift. This level has become a key point of focus for traders watching for confirmation of Bitcoin’s next directional move.

In addition to price action analysis, Rekt Capital also commented on Bitcoin’s market dominance in a separate tweet. “Bitcoin Dominance has increased between 7-9% within one month on 4 separate occasions since mid-2023,” the analyst tweeted. The current BTC dominance is only 8% away from reaching 71%.

According to Rekt Capital, another similar growth spurt in Bitcoin’s market share would comfortably push BTC dominance to that resistance level. This increasing dominance indicates capital flowing from altcoins back into Bitcoin. This is often seen during periods when investors seek the relative safety of the largest cryptocurrency.

Bitcoin price has been showing strong movement within the past 24 hours, climbing as high as $87,300.86.

The current trading range places Bitcoin near levels that technical analysts consider important for deciding future price direction. A sustained hold above the $87,000 mark would support the bullish case. Additionally, a drop below the $84,000 level might indicate further consolidation is needed.

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Vignesh

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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Bitfarms secures $300m loan to fuel AI and data center growth

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Canadian Bitcoin mining company Bitfarms secured up to $300 million in private debt from Australian multinational investment firm Macquarie to fund its data center development.

Bitfarms has reached an initial agreement for a private debt facility of up to $300 million from Macquarie Equipment Capital to support its Panther Creek data center project in Pennsylvania.

In an April 2 press release, the Canadian crypto mining company said that the first tranche of the loan is $50 million, with the rest available if the company “achieves specific development milestones.”

Bitfarms CEO Ben Gagnon says the partnership with Macquarie is the beginning of its investment in the “near-term development” of Panther Creek data center, adding that amid the surging AI revolution and the growing demand for power and infrastructure, the financing “arrives at a pivotal time.”

“The maturity of each facility is two years from the date of closing. Each facility will bear interest at a rate of 8% per annum, with interest on the initial draw of $50 million paid in kind for the first three months.”

Bitfarms

Joshua Stevens, an associate director at Macquarie, pointed out that the location is “within 100 miles of New York City and Philadelphia,” which could make it appealing to high-performance computing tenants. Following the announcement, Bitfarms’ shares rose by 2.54% on Nasdaq.

The loan agreement comes just weeks after Bitfarms completed its all-stock acquisition of Stronghold Digital Mining through a stock-for-stock merger, with Stronghold shareholders receiving 2.52 Bitfarms shares for every Stronghold share they held.

As crypto.news reported, nearly 60 million Bitfarms shares and over 10.5 million warrants were issued as part of the deal, and Stronghold’s stock was delisted from Nasdaq and ceased trading.



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Bitcoin Price Struggling but Short-Term Holders Might Be Setting the Stage for $150K

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.

Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.

Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.

When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)

Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.

In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.

Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”

PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.



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