Can Crypto-to-crypto be a like-kind exchange?

Could you elaborate on whether crypto-to-crypto transactions can be considered as a like-kind exchange? Is there a clear definition in the cryptocurrency and finance world that defines the criteria for such an exchange? Are there any specific tax implications or regulatory considerations that one needs to take into account when engaging in crypto-to-crypto swaps? Additionally, how do these transactions differ from traditional asset exchanges, and what are the potential risks or benefits associated with them? Understanding the nuances of this subject matter is crucial for both investors and tax professionals.