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Velazquez Introduces Bill to End Crypto Tax Loophole Abused in Puerto Rico
April 22, 2025
WASHINGTON, April 22 -- Rep. Nydia M. Velazquez, D-New York, issued the following news release:

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Velazquez Introduces Bill to End Crypto Tax Loophole Abused in Puerto Rico

WASHINGTON -- Today, Congresswoman Nydia M. Velazquez (D-NY) introduced the Fair Taxation of Digital Assets in Puerto Rico Act, a bill that would close a loophole in the federal tax code that is exploited by cryptocurrency investors claiming Puerto Rican residency to avoid paying tax . . .

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