Jesse Powell, co-founder of Kraken exchange, has publicly supported Bitcoin Cash advocate Roger Ver, who is currently battling tax-related charges from the US Department of Justice (DOJ).

In a Jan. 27 post on X, Powell questioned the integrity of the evidence presented by the Internal Revenue Service (IRS) and highlighted potential flaws in the case.

According to him:

“[The authorities] just don’t like [Ver] and they want to get him, and they will use any excuse they can to get him or make his life hell for as long as they can.”

Ver, a long-time crypto promoter, was indicted in April 2024 on accusations of tax evasion, mail fraud, and filing false returns. US prosecutors claim he failed to disclose over $48 million in capital gains from crypto trades.

Ver was arrested in Spain in May 2024 but later released on bail under conditions that restricted his travel to the country while awaiting a decision on his extradition to the US.

IRS criticism

Ver’s legal team has argued that tax regulations at the time of the alleged offenses were ambiguous, especially for crypto innovators.

Powell echoed this sentiment, suggesting that the IRS should be responsible for proving the allegations beyond reasonable doubt. He also noted concerns about how some evidence against Ver was obtained, hinting at possible procedural violations.

The Kraken founder expressed disbelief that a prominent Bitcoin advocate like Ver would jeopardize his freedom over a relatively minor tax liability.

He pointed to interviews conducted during the investigation, where witnesses reportedly supported Ver’s claims of compliance. Powell believes Ver anticipated scrutiny when he renounced his U.S. citizenship in 2011, taking steps to settle his obligations before moving to St. Kitts and Nevis.

He stated:

“All communications suggest that Roger is telling the truth and went above and beyond, even overpaid, in anticipation of such

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Author: Oluwapelumi Adejumo

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