The report alleges that the U.S. Senate Treasury Committee is investigating Pantera Capital’s founder, Dunmorehead. An investigation led by Sen. Ron Wyden is trying to determine whether venture capital founder/CEO is a crime of breaching federal tax law after its transfer to Puerto Rico.
Puerto Rico has attracted the title of “tax shelter” for Article 60, which encourages investment in Puerto Rico through tax benefits such as zero tax on passive income and a 2-4% corporate tax. Ta. The strictness of taxation.
Senate Finance Committee complaint
With a letter release The Senate Treasury Committee accused Morehead of the company of selling a significant amount of shares after the transfer to Taxhaven, which helped him win billions of dollars in capital gains.
It is currently unclear how much it is mounted, and the committee is requesting more information related to these transactions and doxxing of his tax advisor.
The letter also urged Morehead to provide a list of assets sold during his time in Puerto Rico, including cryptocurrencies. Meanwhile, Pantera’s CEO defended himself in a statement, saying he moved to Puerto Rico in 2021 and did what he needed to do with taxes at that point.
A recent U.S. Senate Treasury Committee’s investigation into Pantera’s capital executive is a rare bump in the crypto industry path since the Donald Trump administration took office on January 20, 2025.
The status of Pantera’s capital in the American crypto space
Pantera Capital, which is currently under investigation, has been operating as an investment company since the early 2000s. It is one of Crypto’s biggest players, and it carries out transactions involving many crypto companies, including giants such as Circle, Ripple and Coinbase.
On February 11th, Venture Capital released a Report We investigate the potential impact of Solana ETFs on Sol Token and its ecosystem. Bloomberg It has been reported In March 2024, Pantera Capital was raising funds to purchase Sol Tokens at a discounted price from the bankrupt FTX exchange.
Research findings are monitored as these things tend to affect investors and act as a privilege of future tax policies, particularly those that include crypto. The committee also pays more attention to so-called tax havens such as Puerto Rico.
Last week, Pantera founder Ondosummit soil During a discussion, along with Ond Finance’s Mike Nobogratz and Justin Schmidt to discuss the future of blockchain in 2025, Dan said that the crypto industry is being “repressed by regulatory uncertainty.” did. The new administration proves different.
Crypto had just gained foothold in the hallways of power, and even Potus launched his own Trump memo coin in Solana over the weekend before his inauguration. Now, when dust is introduced and new appointments settle down as they resume work with regulators such as the SEC and CFTC, how will the new administration regulate the crypto space and its top stakeholders? I don’t know if I’ll move forward yet.
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