[Coinbase Calls for U.S. Reform of Cryptocurrency Tax Rules] Deep Tide TechFlow reports that on March 27, according to CryptoNews, Coinbase Chief Product Officer Faryar Shirzad publicly urged U.S. lawmakers to revise the current cryptocurrency tax regulations. He pointed out that classifying crypto assets as 'property' is based on a 20th-century tax framework, which results in users being subject to tax obligations when paying gas fees or conducting everyday transactions with stablecoins, significantly hindering the adoption of cryptocurrencies. Coinbase data shows that customer service inquiries related to tax reporting have increased by 34% compared to the same period last year. The 2025 tax year is expected to generate millions of 1099-DA forms, many of which correspond to transaction amounts below $600, with some even under $1. Additionally, over 63% of users face issues with missing cost basis records, primarily due to frequent transfers of assets between different wallets and exchanges. Coinbase suggests adopting a 'de minimis exemption' mechanism, similar to the existing tax law, to exempt small transactions from reporting requirements.