“The regulation really legitimizes and solidifies digital assets’ place within the economy.” – 01:50
Remy Blaire engages in a thought-provoking discussion with Amy Fisher, the Head of Partnerships at Taxbit, during the final day of Money20/20. The conversation centers around the evolving landscape of taxation on digital assets, particularly in light of recent developments in the cryptocurrency industry.
Remy opens the segment by highlighting the ongoing discussions about taxes in the crypto space, noting that while the government may face shutdowns, tax obligations remain. Amy explains that the crypto industry is advocating for clearer tax regulations, especially as the income threshold for 0% long-term capital gains tax has been raised. She emphasizes the growing adoption of digital assets and the emergence of accounting firms specializing in blockchain.
As they delve deeper into the topic, Amy shares insights on the trends observed over the past decade, particularly the convergence of Decentralized Finance (DeFi) with Traditional Finance (TradFi). She points out that as digital assets become more mainstream, compliance rules and regulations are becoming increasingly important. Amy notes that the upcoming regulations set to go live in 2026 in both the U.S. and the EU are crucial for legitimizing digital assets within the economy.
Remy and Amy discuss the uncertainty that has characterized 2025, touching on the geopolitical and policy-related questions that loom over the industry. While Taxbit does not provide direct tax advice, Amy explains that they work closely with major firms like KPMG and Deloitte to ensure their clients receive the best guidance possible. She emphasizes the importance of education in navigating the regulatory landscape and the need for industry stakeholders to collaborate with policymakers to prioritize consumer interests.