April 15, 2024

This is an opinion editorial by Dr. Riste Simnjanovski, a tenured professor of public administration with California Baptist University, and Kenneth Minesinger, a business and tax lawyer.

If you’re in the Bitcoin space, you know of Michael Saylor. Regardless of your personal opinion of the individual, the companies he’s founded, run or sold, or his perspective on monetary policy, many topics revolving around Saylor have become commonplace in academic, personal and political discussions.

In August 2022, via Attorney General Karl Racine, the District of Columbia and “Tributum, LLC” (please note that the irony of “Tributum” (the co-plaintiff) translating to “a tax imposed on citizens to fund the cost of war during Ancient Rome” hasn’t gone unnoticed; nor has the fact that D.C. is actually a municipal corporation) jointly filed a lawsuit against Saylor and MicroStrategy (MSTR), claiming, among other items, that, “Defendant Michael J. Saylor has unlawfully deprived the District of Columbia of tens of millions of dollars in tax revenue.”

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