R
Link preview
Are we even aware that Congress is debating a Crypto Wash Sale bill RIGHT NOW? (H.R. 9172)
I feel like almost nobody in the casual crypto space is talking about what just went down in Washington, and it is a massive red flag for anyone trading on-chain. On June 9, 2026, the House Ways and Means Committee held a full-committee hearing on a new package of crypto tax bills. One specific bill in that pile is an absolute trainwreck for retail traders. It’s called H.R. 9172: The Applying Existing Tax Anti-Abuse Rules to Digital Assets Act (introduced by Rep. Jodey Arrington). What does H.R. 9172 actually do? It officially forces traditional Wall Street Section 1091 Wash Sale Rules and Constructive Sale Rules straight onto crypto. If you sell a volatile token at a loss to manage your risk during a dip, you cannot buy that token (or a "substantially identical" wrapped/bridged variant) back within 30 days without forfeiting your tax deduction. submitted by /u/semaj_1028 [link] [Kommentare] reddit.com · reddit.com ↗
I feel like almost nobody in the casual crypto space is talking about what just went down in Washington, and it is a massive red flag for anyone trading on-chain. On June 9, 2026, the House Ways and Means Committee held a full-committee hearing on a new package of crypto tax bills. One specific bill in that pile is an absolute trainwreck for retail traders. It’s called H.R. 9172: The Applying Existing Tax Anti-Abuse Rules to Digital Assets Act (introduced by Rep. Jodey Arrington). What does H.R. 9172 actually do? It officially forces traditional Wall Street Section 1091 Wash Sale Rules and Constructive Sale Rules straight onto crypto. If you sell a volatile token at a loss to manage your risk during a dip, you cannot buy that token (or a "substantially identical" wrapped/bridged variant) back within 30 days without forfeiting your tax deduction. submitted by /u/semaj_1028 [link] [Kommentare]
Comments