U.S. 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. According to a press release, Wyden is specifically looking at whether Morehead "misrepresent[ed] his residency status" when Pantera generated over $1 billion in capital gains from crypto sales by claiming his profits from the sale came while he was in Puerto Rico. Residents of the U.S. territory do not pay income tax on capital gains.

"It is my understanding your

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