H.R. 9172In committeeJobs & the economy
Bill extends wash sale and constructive sale tax rules to cryptocurrency
Data as of July 11, 2026
HR 9172 would apply existing stock tax rules to crypto, closing a loophole used to claim losses and defer gains.50-second read · 4 questions answered below
Decoded
What does this do?
HR 9172 extends two existing tax rules — the wash sale rule and the constructive sale rule — to digital assets like Bitcoin and Ethereum. The wash sale rule blocks investors from selling an asset at a loss for a tax deduction and immediately repurchasing it. The constructive sale rule prevents investors from using financial maneuvers like short selling to lock in gains without triggering a tax obligation.
Who does it affect?
The bill most directly affects people who actively trade cryptocurrencies, particularly those who use losses to lower their tax bills at year's end. Crypto exchanges and brokers are also affected and must update transaction tracking and reporting systems by 2028.
Why does it matter?
Applying these rules to digital assets would close a gap that currently lets crypto investors use strategies that are already prohibited for stock and bond investors. Miners and stakers are exempt from the wash sale portion but may still be subject to constructive sale rules in some situations.
Where does it stand?
- Introduced
- House committee — You are here
- House vote
- Senate
- President's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
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Official title
Applying Existing Tax Anti-Abuse Rules to Digital Assets Act
- Introduced:
- June 8, 2026
- Latest action:
- June 8, 2026
Referred to the House Committee on Ways and Means.
Read the official bill on Congress.govMake the call
Three steps: where you stand, your script, the call.