U.S. Senator Ron Wyden has accused Dan Morehead, founder of Pantera Capital, of evading over $100 million in U.S. taxes. Wyden alleges that Morehead misrepresented his residency status to exploit a Puerto Rican tax program. The senator claims Morehead has not cooperated with the Senate Finance Committee's investigation since January, despite initial promises from his legal team. Wyden also noted that Morehead's firm sold a large position, generating over $1 billion in capital gains, shortly after his move to Puerto Rico and obtaining a tax grant.