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🚨🇺🇸 NEW BILL TARGETS PUERTO RICO'S CRYPTO TAX LOOPHOLE
🔹Rep. Nydia Velázquez (D-NY) introduces the Fair Taxation of Digital Assets in Puerto Rico Act
🔹Would end federal tax exemptions for crypto staking, mining & trading income on the island
🔹Current law lets U.S. investors avoid federal taxes by residing in Puerto Rico for 6+ months
🔹Estimated $4.5B in lost revenue (2020–2026) due to crypto-related tax breaks
🔹Velázquez: “It’s about fairness… you should be paying your share — no matter your zip code”
🔹Follows her 2024 UPROAR Act targeting broader tax loopholes for wealthy mainlanders
#CryptoTax #PuertoRico #DigitalAssets #CryptoRegulation #Congress
-The Block$ETH $BTC
{spot}(BTCUSDT)
🔹Rep. Nydia Velázquez (D-NY) introduces the Fair Taxation of Digital Assets in Puerto Rico Act
🔹Would end federal tax exemptions for crypto staking, mining & trading income on the island
🔹Current law lets U.S. investors avoid federal taxes by residing in Puerto Rico for 6+ months
🔹Estimated $4.5B in lost revenue (2020–2026) due to crypto-related tax breaks
🔹Velázquez: “It’s about fairness… you should be paying your share — no matter your zip code”
🔹Follows her 2024 UPROAR Act targeting broader tax loopholes for wealthy mainlanders
#CryptoTax #PuertoRico #DigitalAssets #CryptoRegulation #Congress
-The Block$ETH $BTC
{spot}(BTCUSDT)
🚨$ORCA Council #Proposes Governance Plan to #Repurchase ORCA with Up to 55,000 $SOL
🔺The Orca Council has released a governance proposal to repurchase ORCA tokens with up to 55,000 SOL, which will be staked to a validator node.
🔥ORCA token holders can submit veto votes during a five-day voting period and a two-day cooling-off period.
🔺The Orca Council has released a governance proposal to repurchase ORCA tokens with up to 55,000 SOL, which will be staked to a validator node.
🔥ORCA token holders can submit veto votes during a five-day voting period and a two-day cooling-off period.
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