Kraken Calls for De Minimus Exemption on Crypto Taxes after 2025 Reports
Cointelegraph
Kraken is urging Congress to implement a de minimis tax exemption for small crypto transactions to reduce unnecessary tax reporting burdens for millions of Americans.Summary
Following the issuance of 56 million tax forms in 2025, cryptocurrency exchange Kraken is lobbying for US tax reform, specifically seeking a de minimis exemption for small, routine digital asset payments. The exchange noted that a significant portion of its reported transactions were for amounts under $50, creating unnecessary administrative complexity. Additionally, Kraken is advocating to end the taxation of unrealized 'phantom' income from staking rewards. The company argues that these changes are essential to simplify tax obligations for the millions of Americans navigating a system designed before the emergence of digital assets.
(Source：Cointelegraph)