Kraken filed 56 million crypto tax forms for 2025. One-third were below $1

The lack of a de minimis exemption for crypto payments and staking rewards taxed at receipt creates a huge reporting burden, the data shows. What to know : Kraken says it filed 56 million crypto tax forms for 2025, with 74% covering transactions valued below $50. The lack of a least-value exemption for crypto payments and staking rewards taxed at receipt creates a massive tax reporting burden for investors. The exchange is advocating for Congress to pass a broad, inflation-indexed de minimis tax exemption and allow taxpayers to elect when staking rewards are taxed.(Coindesk)