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Nydia Velázquez

Democrat Congressperson from New York, 7

Notable statements

profile picture of Nydia Velázquez

Nydia Velázquez

@NydiaVelazquez

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Act 60 has helped turn PR into a haven where crypto investors can skirt capital gains taxes while worsening inequality on the island. This bill could exacerbate this trend. We need stronger federal regulations for stablecoin issuers in high-risk areas. elnuevodia.com/corresponsalia…
Neutral on crypto
profile picture of Nydia Velázquez

Nydia Velázquez

@NydiaVelazquez

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The GOP stablecoin bill allows each state and territory to create its own regulatory regime. This could lead to abuse in places designated as high-intensity financial crime areas like Puerto Rico. I appreciate Chair @PatrickMcHenry's commitment to work with me to fix this! pic.twitter.com/3tij4viC0U
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Neutral on crypto
profile picture of Nydia Velázquez

Nydia Velázquez

@NydiaVelazquez

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For many years, wealthy Mainlanders have been legally allowed to establish themselves as Puerto Rican residents to avoid certain taxes which has made PR especially lucrative for cryptocurrency investors. Watch me question @USTreasury on this issue: pic.twitter.com/HZ7rtjilHu
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Somewhat anti-crypto