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prima:Nydia Velázquez proposes to remove federal tax exemption for cryptocurrency investors in Puerto Rico

The Puerto Rican congresswoman introduced legislation together with Alexandria Ocasio Cortez and Delia Ramírez

April 22, 2025 - 3:34 PM

“Puerto Rico deserves better than being turned into a tax haven for the wealthy,” said Velázquez. (Ramon "Tonito" Zayas)

Democratic Congresswoman Nydia Velázquez (New York) introduced legislation that would prevent investors in the cryptocurrency industry who establish themselves in Puerto Rico from being exempt from paying federal income taxes.

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