Crypto Billionaire’s Possible Senate Run May Blow Up His Tax Shelter

Crypto billionaire Brock Pierce is exploring a run for Senate in Vermont this November. Opting in could mean giving up a lot of money in back taxes to say that Puerto Rico is not his home. KevinTDugan reports

Brock Pierce wants to represent you . Photo: Joe Raedle/Getty Images Brock Pierce is a lot of things: an apparent crypto billionaire, a co-founder of the controversial stablecoin tether, a former child actor, a confidante of Eric Adams, a “regular lecturer” at an unaccredited, for-profit Silicon Valley university mired in sexual-harassment claims whose early members went to prison for credit-card fraud.

According to VTDigger.com, Pierce is in a bind about his residency. Last year, he declared in a Federal Election Commission form that he was intending to run for Senate in the Green Mountain State — which requires that candidates spend 183 days out of the year in Vermont. In January, he bought a $2.3 million mansion in Vermont, the site reported.

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