PANews reported on April 22 that, according to CoinDesk , cryptocurrency exchange Kraken filed approximately 56 million 1099-DA forms for cryptocurrency transactions with the IRS for its 2025 tax year. Of these, approximately 18.5 million involved transactions under $ 1 , with 74% of the amounts below $ 50 and only 8.5% above $ 600 . Kraken pointed out that the lack of a "minimum amount tax exemption" clause for cryptocurrency payments, and the fact that staking rewards are counted as income on the market price received, results in a large number of small transactions and staking rewards needing to be reported, imposing significant time and software costs on investors. Furthermore, current brokerage reports only disclose the total sales amount, excluding cost price. Kraken stated that it has received numerous inquiries from users regarding this and is urging Congress to pass a de minimis tax exemption rule covering a wider range of cryptocurrency assets and linked to inflation, allowing taxpayers to choose to tax staking rewards upon sale.