Senator Wyden Investigates Pantera Capital Founder Dan Morehead Crypto Tax Evasion Allegations

Senator Ron Wyden, leading Democrat on the Senate Finance Committee, continues investigating Pantera Capital founder Dan Morehead over potential tax evasion through Puerto Rico residency claims. The probe focuses on whether Morehead misrepresented his California residency during Pantera's $1 billion crypto capital gains, potentially avoiding hundreds of millions in taxes. Wyden's letter alleges Morehead's legal counsel has disengaged despite initial cooperation and connects the case to a Miami attorney whose client previously pleaded guilty in similar Puerto Rico tax fraud schemes. While Pantera maintains Morehead acted appropriately, the investigation coincides with Senate hearings addressing crypto tax reporting challenges facing the IRS.