PANews April 22 news, according to CoinDesk reported, cryptocurrency exchange Kraken stated that it submitted approximately 56 million 1099-DA forms for cryptocurrency transactions to the Internal Revenue Service ( IRS ) for the tax year 2025, of which about 18.5 million involve transactions of less than 1 dollar, 74% of the amount is less than 50 dollars, and only 8.5% exceed 600 dollars. Kraken pointed out that due to the lack of "minimum amount tax-exempt" provisions for cryptocurrency payments, and staking rewards being counted as income at the market price on the day received, a large number of tiny transactions and staking rewards need to be reported, resulting in high time and software costs for investors. In addition, the current brokerage reports only disclose the total sales amount, excluding the cost price, Kraken stated that it has received numerous inquiries from users regarding this and called on Congress to pass a de minimis tax-exempt rule covering a broader range of cryptocurrency assets and linked to inflation, and to allow taxpayers to choose to pay taxes on staking rewards upon sale.

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