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.

Bill extends wash sale and constructive sale tax rules to cryptocurrency

In committeeH.R. 9172Latest action Jun 8, 2026

Sponsor: Jodey C. Arrington · Representative · TX

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Official title: Applying Existing Tax Anti-Abuse Rules to Digital Assets Act

119th Congress

Topics: Jobs & the economy

Introduced: June 8, 2026

Read the official bill on Congress.gov

In plain words

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HR 9172 would apply existing stock tax rules to crypto, closing a loophole used to claim losses and defer gains.

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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 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.

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Read the official bill on Congress.gov

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IntroducedJun 8, 2026
House committeeYou are here · Jun 8, 2026
House vote
Senate
The 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.

Latest action: June 8, 2026 — Referred to the House Committee on Ways and Means.

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How it's being covered

Coverage of this bill from across the press. Each outlet's political lean is labeled where AllSides has rated it, and marked "Not rated" where it has not.

Newest of these articles: Sep 15, 2026

financefeeds.com
Not rated
Crypto Tax Bill: $10 Fee Exemption, Wash-Sale Rule Added
Sep 15, 2026
“H.R. 10357 would make crypto fees of $10 or less tax-free unless you made over 5,000 transfers, and apply wash-sale rules to crypto. Markup: Sept. 16.” — financefeeds.com
cnbc.com
Center
Lawmakers renew push to axe a lucrative tax loophole for crypto investors
Jul 28, 2026
“Crypto investors have largely been exempt from the "wash sale" rules that apply to stocks and other traditional assets. Congress is trying to clamp down.” — cnbc.com

Lean labels describe the news outlet, not this bill or any party. Ratings by AllSides.