Democratic lawmakers on Monday introduced a bill to block investors from using Puerto Rico as a cryptocurrency tax haven — a proposal unlikely to advance without Republican support and as Congress prioritizes extending the 2017 tax cuts.
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Democrats Take Aim at Puerto Rico Tax Perks for Crypto Investors
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The Fair Taxation of Digital Assets in Puerto Rico Act will likely face low chances of success if Republicans oppose it in Congress
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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
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Republican lawmakers in Congress are currently focused on extending the 2017 tax cuts and advancing other crypto-related bill
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