PANews reported on February 15 that the Senate Finance Committee is investigating whether Pantera Capital founder Dan Morehead violated federal tax laws after moving to the tax haven of Puerto Rico, according to the New York Times. Morehead sold "substantial shares" after moving to Puerto Rico and earned "over $1 billion" in capital gains. The committee asked Morehead to share information related to these transactions, including the name of his tax advisor. The letter also asked him to provide a list of all assets he sold while living in Puerto Rico, including cryptocurrencies. Morehead said in a statement that he moved to Puerto Rico in 2021 and believed that he had taken appropriate actions in paying taxes.