Tokenized Stocks Blow Open Crypto’s Tax Loophole—Robin Singh Sounds the Alarm

Wall Street’s digital doppelgängers are creating a regulatory nightmare—and the IRS isn’t keeping up.

The Trojan Horse of Finance

Tokenized stocks, those slick blockchain replicas of traditional equities, are exposing gaping holes in crypto tax reporting. Traders scoop up fractional Tesla or Apple shares on DeFi platforms, but the paper trail? Vanishes faster than a memecoin pump.

Audit-Proof or Just Lawless?

Most platforms handling these synthetic assets lack the infrastructure for proper 1099s. Result? A free-for-all where ‘not your keys, not your taxes’ becomes the de facto motto—until the Feds start subpoenaing MetaMask histories.

Bonus jab:
Meanwhile, traditional brokers still charge $50 wire fees like it’s 1999. Some things never change—except your crypto portfolio’s taxable status, apparently.