Fair Taxation of Digital Assets in Puerto Rico Act of 2025

This bill changes how federal tax rules treat crypto and other digital asset income for people who live in Puerto Rico. It says that income from digital assets earned by Puerto Rico residents will not count as “Puerto Rico‑source” income under federal law. This includes income from mining, staking, holding (including forks and airdrops), and selling or trading digital assets. It also says a “financial interest” in a digital asset is treated the same as the asset itself. The change would apply starting with tax years that begin after the bill becomes law.

Key points:

• Who is affected: Individuals who are residents of Puerto Rico under federal rules.
• What changes: Digital asset income (mining, staking, holding with forks/airdrops, and sales) would not be treated as Puerto Rico‑source income for federal tax purposes; “financial interests” count as digital assets too.
• When: Applies to tax years starting after the law is enacted.