Senator Accuses Crypto Billionaire of Dodging Puerto Rico Tax Evasion Investigation

**Senator Wyden Targets Crypto Billionaire Dan Morehead in Puerto Rico Tax Evasion Probe**

Senator Ron Wyden (D-OR) has publicly accused Pantera Capital founder Dan Morehead of obstructing a federal tax evasion investigation, escalating tensions between cryptocurrency executives and regulatory authorities. The months-long inquiry focuses on alleged tax avoidance schemes involving Puerto Rico's favorable crypto tax policies.

Morehead, a prominent Bitcoin advocate and blockchain investor whose venture capital firm manages billions in cryptocurrency assets, faces scrutiny over potential tax dodge strategies. This development signals intensifying regulatory pressure on crypto billionaires utilizing Puerto Rico's Act 60 tax incentives, which offer significant savings for cryptocurrency traders and DeFi investors.

The investigation highlights growing governmental oversight of cryptocurrency wealth management and offshore tax structures. As Bitcoin and digital asset adoption accelerates, federal authorities are increasingly targeting high-net-worth crypto investors who relocate to tax-friendly jurisdictions.

This probe could establish precedent for future cryptocurrency tax enforcement, potentially impacting blockchain industry executives and institutional investors. The outcome may influence how crypto billionaires structure investments and residency arrangements, particularly affecting Puerto Rico's status as a cryptocurrency tax haven.