According to Wu Blockchain, Kraken revealed that it has submitted approximately 56 million digital asset transaction tax forms (Form 1099-DA) to the U.S. IRS for 2025. About 53% of these involve amounts under $10, 74% under $50, and roughly one-third are less than $1, primarily stemming from staking rewards and small transactions. Under the current tax system, users are required to calculate costs and gains for each transaction and report them, significantly increasing compliance costs and complexity. Kraken believes the issue lies with tax rules rather than technology and has suggested introducing a de minimis exemption to reduce reporting for low-value transactions. They also propose taxing staking rewards upon sale rather than at the time of receipt to avoid "phantom income" and lower the overall reporting burden. https://(wublock123.com)/news/kraken-files-56m-crypto-tax-forms-calls-tax-reform-59984