Senator Ron Wyden intensifies his inquiry into whether Pantera Capital’s Dan Morehead underreported taxes on over $1 billion in crypto sales, questioning his residency status in Puerto Rico.
U.S. Senator Ron Wyden (D-Ore.) has escalated his probe into Pantera Capital’s founder, Dan Morehead, over possible tax evasion related to a $1 billion crypto sale. Wyden is questioning whether Morehead misrepresented his Puerto Rican residency status to avoid paying U.S. taxes on capital gains. Morehead has denied any wrongdoing, asserting that he acted appropriately with his taxes. The investigation is ongoing, and Wyden’s inquiry has drawn attention to the broader issue of crypto tax compliance.