Leading Democrat Wyden Continues Probe Into Pantera Founder Morehead’s Taxes
U.S. Senator Ron Wyden is investigating Dan Morehead, founder of Pantera Capital, for potential tax evasion tied to his move to Puerto Rico.
The inquiry focuses on whether Morehead misrepresented his residency to claim exemption from U.S. taxes on capital gains exceeding $1 billion from crypto sales.
Wyden alleges Morehead's attorneys are unresponsive and links the investigation to advice from Jeffrey Rubinger, involved in a similar case.
Morehead claims he acted appropriately regarding his taxes.
The investigation lacks full Senate Finance Committee backing, as Democrats are currently the minority party.
The probe coincides with a Senate Finance Committee hearing on crypto tax issues, where concerns about IRS reporting were highlighted.
