Fair Taxation of Digital Assets in Puerto Rico Act of 2025

# Fair Taxation of Digital Assets in Puerto Rico Act of 2025 Summary **What the Bill Would Do:** This bill would establish new tax rules for digital assets (like cryptocurrencies and NFTs) held or traded by individuals and businesses in Puerto Rico. The legislation aims to create a framework governing how these modern financial assets are taxed on the island, addressing a gap in current tax law as digital assets have become more prevalent. **Who It Affects:** The bill primarily affects cryptocurrency owners, digital asset traders, blockchain businesses, and investors operating in or considering relocating to Puerto Rico. It could also impact Puerto Rico's government by potentially affecting tax revenue from this growing sector.

The bill was introduced by Representative Nydia Velázquez (D-NY) but focuses on Puerto Rico policy. **Current Status:** The bill is currently in committee, meaning it has been introduced but has not yet been debated or voted on by the full House of Representatives. No specific details about key tax provisions are publicly available at this stage, as the bill's exact language and requirements have not been widely detailed in public sources.