Senator Ron Wyden, the top Democrat on the Senate Finance Committee, is continuing his inquiry into whether Dan Morehead, the founder of asset manager Pantera Capital, sought to avoid paying taxes through his move to Puerto Rico. Wyden's probe into whether Morehead committed tax evasion began in January, and is focused on how the Pantera founder reported taxes on his share of proceeds after a large crypto sale by the firm. These are serious allegations of potential abuse of Puerto Rico tax incentives to avoid the payment of U.S. taxes that you must immediately address." Wyden's letter came the same day the Senate Finance Committee held a hearing on crypto tax issues specifically. Read more: U.S. Senate Hearing on Crypto Taxes Reveals Headaches for Both Industry and IRS