The post US Government Moves to Dismiss Roger Ver’s Tax Case with $50M Deal appeared on BitcoinEthereumNews.com. A California federal court is closer to dismissing the criminal indictment against Bitcoin advocate Roger Ver, known to many as “Bitcoin Jesus.” In a Tuesday filing in the US District Court for the Central District of California, the US government filed a proposed order for Judge Michael Fitzgerald to dismiss Ver’s indictment without prejudice. The government said it reached an agreement with Ver to pay $49.9 million and “all tax, penalties, and interest” on tax liabilities with the Internal Revenue Service (IRS) for his Bitcoin (BTC) holdings. Source: PACER The proposed dismissal came after the US government filed a deferred prosecution agreement in September, laying out conditions for Ver to have his case dismissed. Ver admitted that he had been required to file a statement and pay taxes on certain crypto assets before renouncing his US citizenship in 2014. The initial indictment, filed in April 2024, alleged that Ver falsely reported on tax forms related to about 131,000 BTC he controlled, worth $74 million in 2014. The US Justice Department said Ver attempted to evade paying taxes on his assets by renouncing his US citizenship and later becoming a citizen of St. Kitts and Nevis. Related: US Senate to hold hearing on crypto taxes as IRS offers relief on corporate tax “[A]s defendant admitted, when he filed his returns in May 2016, they did ‘not report ownership of all these bitcoins and did not report capital gains from the constructive sale of all of these bitcoins,’ causing a loss to the United States of $16,864,105,” said the Tuesday motion to dismiss. Some crypto users are still betting on a presidential pardon Though the proposed motion to dismiss had yet to be approved by a federal judge at the time of this writing, the fact that it was unopposed by Ver’s… The post US Government Moves to Dismiss Roger Ver’s Tax Case with $50M Deal appeared on BitcoinEthereumNews.com. A California federal court is closer to dismissing the criminal indictment against Bitcoin advocate Roger Ver, known to many as “Bitcoin Jesus.” In a Tuesday filing in the US District Court for the Central District of California, the US government filed a proposed order for Judge Michael Fitzgerald to dismiss Ver’s indictment without prejudice. The government said it reached an agreement with Ver to pay $49.9 million and “all tax, penalties, and interest” on tax liabilities with the Internal Revenue Service (IRS) for his Bitcoin (BTC) holdings. Source: PACER The proposed dismissal came after the US government filed a deferred prosecution agreement in September, laying out conditions for Ver to have his case dismissed. Ver admitted that he had been required to file a statement and pay taxes on certain crypto assets before renouncing his US citizenship in 2014. The initial indictment, filed in April 2024, alleged that Ver falsely reported on tax forms related to about 131,000 BTC he controlled, worth $74 million in 2014. The US Justice Department said Ver attempted to evade paying taxes on his assets by renouncing his US citizenship and later becoming a citizen of St. Kitts and Nevis. Related: US Senate to hold hearing on crypto taxes as IRS offers relief on corporate tax “[A]s defendant admitted, when he filed his returns in May 2016, they did ‘not report ownership of all these bitcoins and did not report capital gains from the constructive sale of all of these bitcoins,’ causing a loss to the United States of $16,864,105,” said the Tuesday motion to dismiss. Some crypto users are still betting on a presidential pardon Though the proposed motion to dismiss had yet to be approved by a federal judge at the time of this writing, the fact that it was unopposed by Ver’s…