Crypto users generated at least $457 billion in taxable activity on public blockchains in 2025, Chainalysis estimates. Americans produced $112.6 billion, the highest amount in the world. The OECD’s Crypto-Asset Reporting Framework, with data sharing starting in 2027, covers only 14% of flows, with the remaining 86% moving through decentralized exchanges and peer-to-peer transfers. Payments accounted for $64.6 billion in the United States, far exceeding the $30.1 billion in trading gains. The annual US crypto tax gap is estimated at at least $50 billion, while the 1099-DA rules are projected to recover only $28 billion over a decade.
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