Kraken is aggressively lobbying the US government for a de minimis tax exemption on crypto transactions starting after 2025. The exchange argues that current regulations unfairly burden everyday users with complex reporting duties that should be reserved for large-scale investors.

Simultaneously, Kraken is pushing for a secondary legislative fix to modernize the tax code. These strategic moves aim to cut red tape, potentially saving millions of Americans from drowning in unnecessary paperwork and simplifying the future of digital asset taxation.