Major CEX Urges U.S. Congress to Implement Crypto Tax Exemption Threshold and Allow Staking Reward Tax Timing Choice

Gate News message, April 22 — A major CEX has called on the U.S. Congress to establish a minimum transaction exemption threshold for crypto payments and allow flexible tax timing for staking rewards. According to CoinDesk, the exchange submitted 56 million crypto transaction tax forms to the U.S. Internal Revenue Service (IRS) for the 2025 tax year, with approximately 18.5 million transactions valued below $1, 74% below $50, and only 8.5% exceeding $600.

The CEX argues that the current lack of a minimum exemption threshold for crypto transactions, combined with the requirement to report staking rewards as ordinary income upon receipt, creates a significant tax filing burden for investors. The exchange is urging Congress to implement a broader, inflation-adjusted minimum exemption policy and allow taxpayers to choose whether to report staking rewards when received or when sold.

The data highlights the challenge posed by the existing tax framework, where the vast majority of crypto transactions fall below meaningful thresholds yet still require individual reporting, adding administrative complexity for both investors and tax authorities.