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Elon Musk Drops Support for 'Bitcoin Jesus' Pardon Amid Tax Evasion Charges

Coin WorldMonday, Jan 27, 2025 3:58 am ET

1min read

World Liberty Financial, a Trump-backed project, has amassed a significant amount of Ethereum (ETH), totaling over 75,000 ETH, valued at approximately $2.3 billion. This accumulation includes 55,872 ETH and 19,406 STETH, representing around 61.73% of its total assets, which are estimated to be around $3.7574 billion. This financial strategy highlights the growing intersection of traditional influence and the evolving cryptocurrency marketplace, indicating market confidence and potential future trends.

Roger Ver, a prominent crypto advocate and early Bitcoin investor, known as 'Bitcoin Jesus,' is facing extradition to the United States from Spain. He could face a life sentence of up to 109 years for alleged tax evasion, with charges relating to a 2017 Bitcoin sale. Ver has renounced his US citizenship, citing fears of government targeting due to his political beliefs. He has appealed to former President Donald Trump for help, claiming the charges are politically motivated and stem from his advocacy for Bitcoin. Elon Musk initially expressed interest in supporting a pardon for Ver but recently reversed his position, stating that Ver's decision to renounce his citizenship impacts his chances of receiving support.

In a recent development, Elon Musk withdrew his support for Roger Ver's pardon amid extradition proceedings. Ver, who is facing life imprisonment for alleged tax evasion, has called on former President Donald Trump to intervene. Ver claims that the charges against him are politically motivated and relate to his activism within cryptocurrency. He has renounced his US citizenship, arguing that the charges are retaliation for his political beliefs. Musk's initial interest in a potential pardon raised hopes for Ver's supporters, but he recently reversed his stance, stating that Ver's decision to renounce his citizenship could impact his chances of receiving any pardon or support.

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