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.
This is a developing story, and further information will be added as it becomes available.