Although publicly exchanged crypto is less than two decades old, it’s already transformed how individuals, institutions and governments conceptualize and regulate digital value. As new crypto, blockchains and trading platforms continue to develop, novel tax and reporting challenges will inevitably arise. In this evolving environment, practitioners must remain informed about emerging guidance, particularly with respect to Form 1099-DA reporting, basis allocation under T.D. 10000 and Rev. Proc. 2024-28 and wallet-to-wallet tracking methodologies. By understanding these developments, advisors can better protect clients’ digital wealth and facilitate its smooth succession to future generations.