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Taxes

A collection of 13 posts

Roger Ver’s Tax Case Sparks Outrage, Trump and Crypto Supporters Demand Dismissal

Roger Ver’s Tax Case Sparks Outrage, Trump and Crypto Supporters Demand Dismissal

The prosecution of Roger Ver, a prominent early Bitcoin investor known as “Bitcoin Jesus,” has ignited a firestorm of controversy, with influential voices accusing the U.S. government of targeting him for his cryptocurrency advocacy. Ver faces charges of tax evasion stemming from his 2014 renunciation of U.S. citizenship

Roger Ver Sues Spain to Block US Extradition in High Profile Bitcoin Tax Case

Roger Ver, a prominent figure in the Bitcoin and cryptocurrency world widely known to many simply as “Bitcoin Jesus” for his for early evangelism, has launched a legal battle against Spain to prevent his extradition to the United States, where he faces serious tax evasion charges. The early Bitcoin advocate,

Senator Lummis Proposes Tax Reform Bill for Bitcoin and Crypto

Senator Lummis Proposes Tax Reform Bill for Bitcoin and Crypto

Senator Cynthia Lummis, a Wyoming Republican, introduced new legislation on Thursday to overhaul the tax treatment of digital assets, aiming to eliminate policies she views as barriers to innovation. The bill, which closely mirrors provisions she recently attempted to include in a broader legislative package, seeks to modernize the U.

Trump’s One Big Beautiful Bill Lacks Bitcoin Tax Provisions as Advocacy Grows

Trump’s One Big Beautiful Bill Lacks Bitcoin Tax Provisions as Advocacy Grows

The “One Big Beautiful Bill” (H.R.1), a sweeping legislative proposal introduced in the 119th Congress, has sparked interest within the Bitcoin and cryptocurrency community. Recent claims made by Bitcoin Magazine CEO David Bailey suggest the bill may include provisions to exempt Bitcoin transactions under $600 from capital gains

Spain’s New Tax Bill Targets Bitcoin and Crypto with Seizures and Strict Reporting

Spain’s New Tax Bill Targets Bitcoin and Crypto with Seizures and Strict Reporting

The Spanish government has taken a significant step toward tightening its grip on cryptocurrency and taxation, with the Council of Ministers approving a bill on Tuesday that mandates cryptocurrency exchange providers to report user transactions and balances to the Spain Tax Agency. This legislative move, driven by the European Union’

IRS Crypto Directors Depart Agency Following DOGE Resignation Offers

IRS Crypto Directors Depart Agency Following DOGE Resignation Offers

In a significant shift for the Internal Revenue Service’s crypto oversight, two key directors, Seth Wilks and Raj Mukherjee, have accepted deferred resignation offers orchestrated by the Department of Government Efficiency (DOGE) which is current headed up by Elon Musk. As of Friday, both officials, instrumental in shaping the

Aaron Day Undertakes 40-Day Fast to Support Roger Ver aka Bitcoin Jesus Amid Legal Battle

Aaron Day Undertakes 40-Day Fast to Support Roger Ver aka Bitcoin Jesus Amid Legal Battle

Aaron Day, a former presidential candidate and well known cryptocurrency advocate, is embarking on an ambitious 40-day fast to support Roger Ver, a prominent figure in the Bitcoin and crypto space widely known as "Bitcoin Jesus," whom he believes is facing political persecution by the U.S. Department

Senate Approves Repeal of IRS Crypto Tax Rule as Trump Prepares to Sign Historic Legislation

Senate Approves Repeal of IRS Crypto Tax Rule as Trump Prepares to Sign Historic Legislation

The U.S. Senate voted late Wednesday to repeal a contentious tax rule imposed by the Internal Revenue Service, marking a pivotal moment for decentralized finance regulation. The decision, passed with a decisive 70-28 vote, now heads to President Donald Trump’s desk, where it is widely anticipated to be

Roger Ver Legal Battle Continues as IRS Pushes for Extradition Over Tax Dispute

Roger Ver Legal Battle Continues as IRS Pushes for Extradition Over Tax Dispute

Roger Ver, a prominent figure in the Bitcoin and crypto space often referred to as "Bitcoin Jesus," continues to face a contentious legal struggle with the Internal Revenue Service (IRS). The dispute centers on taxes he paid in 2014 when he renounced his U.S. citizenship, a move

Ethereum Founder Vitalik Buterin Voices Support in Roger Ver Tax Case

Ethereum Founder Vitalik Buterin Voices Support in Roger Ver Tax Case

Vitalik Buterin, co-founder of Ethereum, publicly criticized the potential life sentence facing Roger Ver over alleged nonviolent tax offenses. Buterin described the case as politically driven and the punishment as wildly disproportionate to the accusations. His comments add a significant voice to an ongoing debate that has already captured attention

Pantera Capital Founder Dan Morehead Investigated for Alleged $850M Crypto Tax Fraud

Pantera Capital Founder Dan Morehead Investigated for Alleged $850M Crypto Tax Fraud

Dan Morehead, the visionary behind Pantera Capital, finds himself in hot water as the U.S. Senate Finance Committee (SFC) probes into whether he evaded federal taxes on his crypto profits. Morehead, who relocated to Puerto Rico, a known tax haven, in 2021, is now under scrutiny for potentially treating

Czech Republic Boosts Crypto Innovation with Bitcoin Tax Break

Czech Republic Boosts Crypto Innovation with Bitcoin Tax Break

The Czech Republic is exempting Bitcoin from capital gains tax after a holding period of three years. This legislation, signed into law by President Petr Pavel on February 6, marks a significant shift towards nurturing a thriving crypto ecosystem within the country. The decision to eliminate capital gains taxes on

IRS Declares Crypto Staking Taxable Amid Legal Battle

IRS Declares Crypto Staking Taxable Amid Legal Battle

A new twist has emerged that could significantly impact crypto investors – the Internal Revenue Service (IRS) has officially declared that staking cryptocurrency is a taxable event. This ruling comes at a time when the crypto market is soaring, with Bitcoin recently breaching the $100,000 mark for the first time,