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A Divide on Roger Ver’s Release

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Roger Ver, also known as “Bitcoin Jesus,” has been at the center of a high-profile case, with many calling for his pardon. In a recent development, Ethereum founder Vitalik Buterin expressed support for Ver, urging the government for his release.

However, DOGE agency’s Elon Musk has reversed his stance on Roger Ver’s pardon. He argued that Ver is no longer eligible for a presidential pardon since he renounced his US citizenship.

Vitalik Buterin Supports Bitcoin Jesus, Calls for Pardon

Notably, Vitalik Buterin, the Ethereum blockchain’s co-founder, is raising concerns over Roger Ver’s politically motivated prison sentence. In his latest X post, Vitalik Buterin speaks out against the injustice against Ver, who is currently facing life imprisonment for non-violent tax offenses. Buterin thinks the case is driven by political agendas, drawing parallels with Ross Ulbricht’s case, which highlights inconsistent sentencing practices.

In addition, Vitalik Buterin stated that Roger Ver’s outspoken advocacy for freedom and his rejection of coercive state power may have made him a target for selective prosecution. The Ethereum founder argued that this is a tactic used to undermine constitutional protections like the First Amendment, which guarantees free speech.

Harsh Tax Regime: Ethereum Founder Demands Fundamental Rights Protection

Furthermore, Vitalik Buterin criticized the US tax regime. He stated that the tax-by-citizenship and exit tax system are extreme compared to other countries. The United Kingdom, for example, only charges capital gains if an individual returns within five years.

Notably, the US Internal Revenue Service (IRS) accused Ver of evading $48 million in taxes in April 2024. Subsequently, he was arrested in Spain. He is currently in Spain and may soon be extradited to the US for a possible sentence of 109 years.

Addressing these concerns, Vitalik Buterin prioritized the need to oppose such practices as they erode fundamental rights. He advocated for treating “genuine good faith mistakes” like Roger Ver’s with penalties and similar measures, rather than prosecuting them.

The Ethereum founder is notably a proponent of security and user protection. Recently, Buterin highlighted the significance of tackling crypto losses caused by non-thefts.

Elon Musk Denies Support for Roger Ver’s Pardon

In contrast to Vitalik Buterin’s support for Ver, the Department of Government Efficiency (DOGE) Chief Elon Musk has refused to back him. Citing Ver’s renunciation of US citizenship as the reason, Musk stated that he is now not eligible for a presidential pardon. Musk implies that Ver has relinquished his eligibility for a presidential pardon, along with other privileges and protections afforded to US citizens.

Elon Musk’s recent statement contrasts with his previous support for Ver. Previously, Elon Musk endorsed a pardon for Ver, ahead of Ross Ulbricht’s release. His views reignited the discussion on fair treatment for crypto innovators, drawing comparisons to his own experiences challenging regulatory frameworks.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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US SEC Acknowledges Fidelity’s Filing for Solana ETF

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The U.S. Securities and Exchange Commission (SEC) has formally acknowledged the filing for Fidelity’s spot Solana (SOL) Exchange-Traded Fund (ETF).

This marks a key development in the financial industry, as Fidelity seeks to list its Solana ETF on the Cboe BZX Exchange. The acknowledgment comes after Fidelity submitted a proposed rule change, paving the way for the potential approval of the product.

Fidelity’s Spot Solana ETF Proposal

The SEC’s acknowledgment follows Fidelity’s filing to list and trade shares of the Fidelity Solana Fund under the Cboe BZX Exchange. The proposed rule change, initially submitted on March 25, was later amended on April 1, 2025, to clarify certain points and add additional details.

The amended proposal aims to list the Solana ETF under BZX Rule, which pertains to commodity-based trust shares. According to the Cboe BZX Exchange, Fidelity plans to register the shares with the SEC through a registration statement on Form S-1.

Fidelity’s experience with crypto ETFs, having launched the Fidelity Wise Origin Bitcoin Fund (FBTC) and the Fidelity Ethereum Fund (FETH), has prepared it for this new initiative. FBTC has drawn substantial interest, accumulating nearly $17 billion in assets, while FETH currently manages around $975 million.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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US Senate Banking Committee Approves Paul Atkins Nomination For SEC Chair Role

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The U.S. Senate Banking Committee has voted to approve Paul Atkins’ nomination for the role of Chair of the Securities and Exchange Commission (SEC). The vote, which took place on Thursday, passed with a narrow margin of 13-11, along party lines.

Paul Atkins, nominated by President Donald Trump, now moves one step closer to taking over the top regulatory position at the US SEC.

Senate Banking Committee Approves Paul Atkins Nomination

Paul Atkins’ nomination for SEC Chair has received approval despite sharp opposition from Democratic members of the Senate Banking Committee. The vote was entirely split, with Republicans supporting Atkins and all Democrats opposing the decision.

This partisan divide highlights the contentious nature of Atkins’ confirmation, which had been under scrutiny for several reasons.

The committee’s approval now clears the path for Atkins to proceed to the full Senate for a final confirmation vote. Given the Republican-controlled Senate, it is widely expected that Atkins will secure the necessary votes to take over the SEC leadership. With Republicans holding a 53-47 majority in the Senate, the confirmation process is anticipated to move forward swiftly.

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Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Kraken Obtains Restricted Dealer Registration in Canada

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Cryptocurrency exchange Kraken has obtained a Restricted Dealer registration in Canada. The registration comes after completing a pre-registration undertaking (PRU) process with Canadian authorities.

The exchange has also announced the appointment of Cynthia Del Pozo as its new General Manager for North America. Del Pozo will oversee Kraken’s growth initiatives in Canada.

Kraken Completes PRU Process In Canada

Kraken’s Restricted Dealer registration marks the completion of a thorough pre-registration undertaking (PRU) process with Canadian regulators. The registration places Kraken under the supervision of the Ontario Securities Commission (OSC). This oversight ensures users have access to secure crypto products within a properly regulated local ecosystem.

According to the Canadian Securities Administrators (CSA), the Restricted Dealer registration is one of eight firm registration types in Canada. This particular classification is used for firms that “do not quite fit under any other category.” It also comes with specific requirements and conditions set by securities regulators.

Kraken’s regulatory achievement comes during a period of change in the Canadian crypto sector. Just months earlier, competitor Gemini exchange announced its departure from the Canadian exchange market by the end of 2024. This was a move that surprised many and raised questions about cryptocurrency regulation clarity in the country.

Kraken Introduces New Canadian GM

Del Pozo has joined Kraken to lead its Canadian operations as the new General Manager for North America. She has nearly 15 years of experience in corporate development, operations, and fintech consulting. Del Pozo will help to guide Kraken’s expansion across Canada during this important phase of crypto’s development in the region.

“Canada is at a turning point for crypto adoption, with a growing number of investors and institutions recognizing digital assets as a vital part of the financial future. I’m thrilled to join Kraken’s mission at this critical moment, and to lead our expansion efforts, ensuring we continue to serve our clients long-term with innovative and compliant products,” said Del Pozo.

In her role, Del Pozo will focus on strengthening Kraken’s regulatory relationships and also scaling the company’s presence throughout North America.

Del Pozo also commented on the registration achievement: “This Restricted Dealer registration is testament to the high bar Kraken has always set for consumer protection, client service, and robust security. We’re excited to continue expanding our world-class investment platform and to deliver innovative products that provide real-world utility to Canadians.”

The Exchange’s Continued Growth In Canada

Over the past two years, the cryptocurrency exchange has shown steady expansion in Canada while working through the PRU process with regulators. During this period, the exchange has doubled its team size and monthly active users.

According to the official blog post figures, the firm now has more than $2 billion CAD in total client assets under custody. Kraken has also increased support for some of the most popular cryptocurrencies. It provides several CAD spot trading pairs that enable Canadians to trade crypto without paying expensive foreign exchange fees.

According to Innovative Research Group’s 2024 Investor Survey, 30% of Canadian investors currently own or have owned cryptocurrencies. Likewise, a KPMG Canada survey discovered that 30% of Canadian institutional investors now have exposure to cryptocurrencies, which means widespread adoption across investor types.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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