Trump vs. JPMorgan, Crypto’s Twilight Zone & 2025 Taxes

We start with DEX in the City, where Katherine Kirkpatrick Bos, Vy Le and Jessi Brooks break down the legal battle over alleged “debanking,” regulators dropping reputational risk, and what recent allegations about seized U.S. government crypto wallets reveal about custody and oversight. Next, Ryan Watkins, Co-Founder of Syncracy Capital, joins Unchained to explain why he believes crypto is in a rare transition period — what he calls the Twilight Zone. We discuss washed-out sentiment, lessons from 2021, and why crypto could be set up to surprise to the upside again. We close with Crypto Tax Girl, as Laura Walter walks through what’s new for 2025 crypto taxes, including the new 1099-DA form, the shift to wallet-by-wallet accounting, and how to think about FIFO, LIFO, and HIFO this year.