Legislation taxing unrealized gains will accelerate a move towards privacy coins, as investors seek to move assets to untraceable platforms, potentially increasing their value (e.g., Monero hitting $800 in Jan 2026).
"This kind of legislation accelerates the move underground. We've seen privacy coins like Monero and Zcash putting in serious moves recently. Monero hit an all-time high of nearly $800 in January 2026. Why? Because if governments try to tax what they can see, people will move what they have to where people can't see them."