According to BlockBeats, the U.S. Senate Finance Committee is investigating whether Dan Morehead, founder of Pantera Capital, violated federal tax laws after relocating to Puerto Rico, a known tax haven. The New York Times reported on February 15 that the committee has issued a letter requesting Morehead to provide information related to his financial transactions following his move.
The committee's letter indicates that Morehead sold a significant amount of shares, resulting in capital gains exceeding $1 billion. It has asked Morehead to disclose details of these transactions, including the identity of his tax advisor. Additionally, the letter requests a comprehensive list of all assets sold during his residency in Puerto Rico, including cryptocurrencies.
In a statement, Morehead confirmed his relocation to Puerto Rico in 2021 and asserted that he has taken appropriate actions regarding his tax obligations.
A spokesperson for Oregon Democratic Senator Ron Wyden stated that the investigation is ongoing but declined to provide further comments.