Coinbase Policy Lead Calls on U.S. Lawmakers to Reform Cryptocurrency Tax Rules

金色财经_ · 2026-03-27T03:18:00+00:00

Coinbase Chief Policy Officer Faryar Shirzad calls on U.S. lawmakers to reform cryptocurrency tax rules, pointing out that the current system no longer fits industry development and increases compliance burdens for users. He suggests establishing a minimum exemption threshold for small transactions to reduce complexity and emphasizes that failure to adjust the rules will impact America's competitiveness.

金色财经_

2026-03-27 03:18:00

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Gold Finance reported that on March 27, Coinbase’s Chief Policy Officer Faryar Shirzad called on U.S. lawmakers to reform cryptocurrency tax rules, stating that the current system, which treats crypto assets as “property,” has struggled to keep pace with industry developments. He pointed out that under the current rules, even paying gas fees or using stablecoins for everyday transactions could trigger tax obligations, requiring users to calculate cost basis and track gains and losses, thereby increasing compliance burdens.
Coinbase data shows that the volume of tax-related customer service inquiries has increased by 34% year-over-year, and millions of 1099-DA forms are expected to be issued in 2025, a large portion of which involves small transactions. Shirzad also noted that over 63% of users have gaps in their cost basis records and suggested establishing a minimum exemption threshold for small transactions to reduce compliance complexity, warning that if the rules are not adjusted, it could affect the U.S.'s competitiveness in the crypto space.

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