Big news for anyone watching U.S. tax policy: the wave of wealthy Americans relocating to Puerto Rico for generous tax breaks is now facing serious federal scrutiny. On Friday, a fresh Government Accountability Office report landed, raising questions about these long-standing incentive programs that have been attracting high-net-worth individuals for over a decade. The timing matters. As regulatory frameworks tighten globally and governments crack down on tax optimization strategies, this development could reshape where ultra-wealthy individuals—including those in the crypto and blockchain space—choose to base themselves. The report's findings could trigger policy shifts that ripple far beyond Puerto Rico itself. For anyone considering tax-efficient relocation strategies or monitoring regulatory trends affecting wealth management, this is worth paying attention to.