{"id":587797,"date":"2026-04-22T18:52:48","date_gmt":"2026-04-22T18:52:48","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/04\/22\/kraken-calls-for-de-minimus-exemption-on-crypto-taxes-after-2025-reports\/"},"modified":"2026-04-22T18:52:48","modified_gmt":"2026-04-22T18:52:48","slug":"kraken-calls-for-de-minimus-exemption-on-crypto-taxes-after-2025-reports","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/04\/22\/kraken-calls-for-de-minimus-exemption-on-crypto-taxes-after-2025-reports\/","title":{"rendered":"Kraken calls for de minimus exemption on crypto taxes after 2025 reports"},"content":{"rendered":"

\"Kraken<\/p>\n

The crypto exchange advocated for two key changes to US tax law affecting crypto users to \u201celiminate millions of unnecessary forms.\u201d<\/p>\n

Cryptocurrency exchange Kraken called for a change in US tax policy after reporting millions of cases of transactions \u201cworth less than $1\u201d as part of its reporting requirements for 2025.<\/p>\n

In a Wednesday blog post, Kraken said<\/a> it issued more than 56 million tax forms \u2014 1099-DAs \u2014 to the US Internal Revenue Service (IRS) in 2025 as now required by law. However, the exchange said that about 18.5 million of those forms were for transactions under $1, with about 28 million for $10 or less and 75% under $50.<\/p>\n

In an effort to \u201celiminate millions of unnecessary forms,\u201d the exchange called for a de minimis exemption for taxes to exclude \u201csmall, routine digital asset payments from capital gains reporting.\u201d It similarly advocated for an end to \u201cphantom\u201d income derived from staking cryptocurrencies, requiring holders to \u201cowe taxes on value they have not realized\u201d by not selling their staking rewards.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The crypto exchange advocated for two key changes to US tax law affecting crypto users to \u201celiminate millions of unnecessary forms.\u201d Cryptocurrency exchange Kraken called for a change in US tax policy after reporting millions of cases of transactions \u201cworth less than $1\u201d as part of its reporting requirements for 2025. In a Wednesday blog […]<\/p>\n","protected":false},"author":1,"featured_media":587798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-587797","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/587797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=587797"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/587797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/587798"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=587797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=587797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=587797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}