Svmuu News Kraken has submitted 56 million crypto transaction forms for the 2025 tax year to the U.S. IRS. Approximately 18.5 million of these forms involve transaction amounts under $1, with over half involving amounts below $10. Data shows that only 8.5% of the 1099-DA forms report amounts exceeding $600, while 74% report amounts below $50. Kraken stated that due to the lack of a de minimis exemption, crypto payments and staking rewards create tax obligations upon receipt, increasing the reporting burden for investors. Kraken has proposed that Congress enact a broad inflation-indexed de minimis tax exemption policy and allow taxpayers to choose the timing for reporting staking reward income.