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The post Vitalik Buterin Calls for Roger Ver’s Release, Criticizes Harsh Sentence Over Tax Offenses appeared first on Coinpedia Fintech News Roger Ver, dubbed “Bitcoin Jesus,” is making headlines as many push for his pardon. In a recent turn of events, Ethereum founder Vitalik Buterin has stepped in, calling on the government to free Ver. Is It “Politically Motivated”? Buterin in a recent X post has expressed his concerns about the possible sentence for Roger Ver, who is facing allegations of nonviolent tax offenses. He argued that the case seemed to be politically motivated and that the potential punishment was overly harsh for the nature of the charges. Buterin’s comments came after Ross Ulbricht, the founder of Silk Road, publicly defended Ver and criticized the harsh penalties for his alleged tax offenses. Ross Ulbricht previously shared a post on social media saying that Roger Ver deserves support and that “no one should spend their life in prison over taxes.” Ulbricht’s post on social media called out the unfair treatment of Ver. Notably, their support for each other has drawn attention from legal experts, tech observers, and people in the crypto and libertarian communities. Buterin said it’s absurd for someone to spend their life in prison over nonviolent tax offenses. He pointed out that many individuals and companies accused of more serious crimes received lighter sentences. Buterin argued that Ver’s support for freedom and criticism of government power shouldn’t lead to harsh punishment, expressing concern about fairness in legal cases involving taxes. Buterin criticized selective prosecution, saying it undermines constitutional rights, like the First Amendment. He pointed to the U.S. tax-by-citizenship and exit tax policies as extreme, noting that few other countries have similar rules. He compared these to other nations’ tax systems, like the UK, which only charges capital gains if you return within five years. In April 2024, the U.S. IRS accused Ver of evading $48 million in taxes. He was arrested in Spain and is currently there, facing potential extradition to the U.S., where he could be sentenced to up to 109 years. Buterin also raised concerns about reports that the IRS pressured Ver’s lawyers to reveal confidential information. He emphasized the importance of protecting the right to legal privacy. Buterin suggested that people should be able to fix tax mistakes without facing life sentences. “Genuine good faith mistakes should be treated by giving the actor the opportunity to pay back taxes if needed with interest and penalties, not with prosecution,” he shared. Musk Refuses to Support Roger Ver However, in contrast, Elon Musk, the Chief of the Department of Government Efficiency (DOGE), has declined to support Ver. Musk argued that because Ver gave up his U.S. citizenship, he is no longer eligible for a presidential pardon, along with other rights and protections that come with being a U.S. citizen. These comments spark a wider debate about fairness in sentencing within both the crypto world and the legal system, with many now calling for more balanced legal policies.
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JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations
![JPMorgan Chase CEO Jamie Dimon is addressing controversy over how and why some American citizens and businesses are abruptly finding themselves kicked out of the banking system. After meeting with Republican lawmakers in Washington, D.C. on the subject of “debanking,” Dimon told reporters that Chase never drops customers over their religious or political affiliations. Instead, Dimon said unclear federal guidelines, especially around anti-money laundering rules, force banks to deny services out of compliance fears, reports Yahoo Finance. When squarely asked if regulators are to blame for debanking, Dimon responded, “Pretty much, yeah.” “There are a lot of things that should be fixed. [Anit-Money laundering laws] are extraordinary, and it does cause a lot of people to be pushed out of the system because banks were afraid of being sued, fined, because if, after the fact, something goes wrong — coulda, woulda, shoulda — you could pay a billion dollars.” Dimon’s remarks come after President Trump hammered Bank of America and JPMorgan Chase during a virtual World Economic Forum session, accusing them of wrongly denying conservatives access to bank accounts. Republican lawmakers are now pushing for legislation that would clearly explain when banks can and cannot reject services for customers. The list of bankers included in the closed-door meeting in Washington included Bank of America CEO Brian Moynihan, Wells Fargo CEO Charles Scharf, Capital One CEO Richard Fairbank and CEOs from several other large US financial institutions. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations appeared first on The Daily Hodl .](/image/67c349f81f0bd.jpg)
JPMorgan Chase CEO Jamie Dimon is addressing controversy over how and why some American citizens and businesses are abruptly finding themselves kicked out of the banking system. After meeting with Republican lawmakers in Washington, D.C. on the subject of “debanking,” Dimon told reporters that Chase never drops customers over their religious or political affiliations. Instead, Dimon said unclear federal guidelines, especially around anti-money laundering rules, force banks to deny services out of compliance fears, reports Yahoo Finance. When squarely asked if regulators are to blame for debanking, Dimon responded, “Pretty much, yeah.” “There are a lot of things that should be fixed. [Anit-Money laundering laws] are extraordinary, and it does cause a lot of people to be pushed out of the system because banks were afraid of being sued, fined, because if, after the fact, something goes wrong — coulda, woulda, shoulda — you could pay a billion dollars.” Dimon’s remarks come after President Trump hammered Bank of America and JPMorgan Chase during a virtual World Economic Forum session, accusing them of wrongly denying conservatives access to bank accounts. Republican lawmakers are now pushing for legislation that would clearly explain when banks can and cannot reject services for customers. The list of bankers included in the closed-door meeting in Washington included Bank of America CEO Brian Moynihan, Wells Fargo CEO Charles Scharf, Capital One CEO Richard Fairbank and CEOs from several other large US financial institutions. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post JPMorgan Chase CEO Admits US Banks ‘Push People Out of the System’ After Trump Hammers Chase, Bank of America Over Abrupt Account Terminations appeared first on The Daily Hodl . coinpedia
![Polkadot price remained above its make-or-break level this week as Bitcoin and most cryptocurrencies crashed. Polkadot ( DOT ) fell to a low of $4, slightly higher than the critical support level at $3.60, where it has failed to fall below several times since 2022. The token has held steady above this support level for two main reasons. First, Grayscale and 21Shares have filed for a spot DOT exchange-traded fund , which they hope will be popular among Wall Street investors. Spot Bitcoin ( BTC ) and Ethereum ( ETH ) ETFs have done fairly well among investors, as they attracted a combined $40 billion in assets. Second, Polkadot price has remained steady as the network prepares to launch Polkadot 2.0 which will introduce new changes. It will introduce features like agile coretime, elastic scaling, and asyncronous backing. The upgrade’s goal is to reduce the average block time to just 6 seconds and allow dynamic scaling, which will make it one of the fastest layer-1 networks in the crypto industry. Polkadot 2.0 will also lower the barriers to developers aiming to build on the chain. It will do that by introducing an Ethereum Virtual Machine, or EVM, which will enable developers to build dApps without going through the expensive and time-consuming parachain auction process. Polkadot 2.0 will also have JAM, which will enhance its capabilities, transforming it from an interoperable blockchain into a complete suite for building all types of Web3 applications. Dr Gavin Wood – Wrote Ethereum yellowpaper in 2014 – Wrote Polkadot whitepaper in 2016 – Now released JAM graypaper in 2024 The foundation of future Polkadot 2.0 ⭕️ It will combine the strength of Polkadot & Ethereum A Mega Thread on the future of Polkadot ???? [1/19] ⬇️ pic.twitter.com/eRCqcAbCkK — Emil Kietzman????⭕️ (@EmilKietzman) April 18, 2024 You might also like: Polkadot launches JAM course to empower web3 developers Polkadot price analysis DOT price chart | Source: crypto.news The weekly chart shows that the DOT price avoided dropping below the support at $3.60, even as most altcoins crashed. That price is a crucial one since DOT has formed a quadruple bottom since 2022. Like a double bottom, a quadruple one is a highly bullish sign in technical analysis. Polkadot price has also formed a small falling wedge pattern, which happens when there are two falling and converging trendlines. These two lines are now nearing their confluence levels, pointing to an eventual rebound. The first target for this price action is $11.72, the highest swing in November last year and 170% above the current level. The second target will be at $23.80, the 38.2% retracement level. Read more: NFT sales plummet 28.9% to $107m, Pudgy Penguins sales drop 80%](/image/67c32f0475b99.jpg)
Polkadot price stuck at a key support, pointing to a 170% surge
Polkadot price remained above its make-or-break level this week as Bitcoin and most cryptocurrencies crashed. Polkadot ( DOT ) fell to a low of $4, slightly higher than the critical support level at $3.60, where it has failed to fall below several times since 2022. The token has held steady above this support level for two main reasons. First, Grayscale and 21Shares have filed for a spot DOT exchange-traded fund , which they hope will be popular among Wall Street investors. Spot Bitcoin ( BTC ) and Ethereum ( ETH ) ETFs have done fairly well among investors, as they attracted a combined $40 billion in assets. Second, Polkadot price has remained steady as the network prepares to launch Polkadot 2.0 which will introduce new changes. It will introduce features like agile coretime, elastic scaling, and asyncronous backing. The upgrade’s goal is to reduce the average block time to just 6 seconds and allow dynamic scaling, which will make it one of the fastest layer-1 networks in the crypto industry. Polkadot 2.0 will also lower the barriers to developers aiming to build on the chain. It will do that by introducing an Ethereum Virtual Machine, or EVM, which will enable developers to build dApps without going through the expensive and time-consuming parachain auction process. Polkadot 2.0 will also have JAM, which will enhance its capabilities, transforming it from an interoperable blockchain into a complete suite for building all types of Web3 applications. Dr Gavin Wood – Wrote Ethereum yellowpaper in 2014 – Wrote Polkadot whitepaper in 2016 – Now released JAM graypaper in 2024 The foundation of future Polkadot 2.0 ⭕️ It will combine the strength of Polkadot & Ethereum A Mega Thread on the future of Polkadot ???? [1/19] ⬇️ pic.twitter.com/eRCqcAbCkK — Emil Kietzman????⭕️ (@EmilKietzman) April 18, 2024 You might also like: Polkadot launches JAM course to empower web3 developers Polkadot price analysis DOT price chart | Source: crypto.news The weekly chart shows that the DOT price avoided dropping below the support at $3.60, even as most altcoins crashed. That price is a crucial one since DOT has formed a quadruple bottom since 2022. Like a double bottom, a quadruple one is a highly bullish sign in technical analysis. Polkadot price has also formed a small falling wedge pattern, which happens when there are two falling and converging trendlines. These two lines are now nearing their confluence levels, pointing to an eventual rebound. The first target for this price action is $11.72, the highest swing in November last year and 170% above the current level. The second target will be at $23.80, the 38.2% retracement level. Read more: NFT sales plummet 28.9% to $107m, Pudgy Penguins sales drop 80% coinpedia
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