However, the death of digital assets and their various associated technologies has been greatly exaggerated, if left to headlines alone. As of writing this article, the price of Bitcoin has dropped over 60% in one year, both volume and prices have fallen significantly among NFT marketplaces and several high-profile criminal investigations of cryptocurrency exchanges have shaken investor and user confidence. It is not difficult to associate digital assets recently with a number of negative dynamics including collapses, fraud and fads with headlines reflecting the same. Will an ever-changing landscape stall state digital asset tax policy? State taxation of digital assets evolves as legislatures return
State legislatures and taxing authorities responded to digital assets more in 2022 than any time before.
Executive summary: Maturing digital asset landscape to greet state legislatures