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Tax exemptions under Act 60 have made Puerto Rico attractive to crypto investors seeking to avoid capital gains taxes

Representative Nydia Velázquez’s office estimates that the U.S. government is losing billions in tax revenue due to the continued tax advantages under Act 60

Crypto investors on the U.S. mainland face significantly higher capital gains tax rates than in Puerto Rico

Democratic lawmakers are attempting to end Puerto Rico's use as a tax shelter for cryptocurrency capital gains through the Fair Taxation of Digital Assets in Puerto Rico Act

The Fair Taxation of Digital Assets in Puerto Rico Act of 2025 would subject crypto income on the island to federal tax obligations

Puerto Rico Governor Jenniffer González-Colón, in April 2025, proposed a legislative package to extend Act 60 tax benefits through 2055 and introduce a 4% capital gains tax on digital asset income for new applicants

Representative Nydia Velázquez argues that Act 60 has worsened living conditions for Puerto Rico residents while benefiting wealthy outsiders

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