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H.R. 9172119th CongressIn committeeLatest action Jun 8, 2026Decoded by AI · checked against the record
Official title: Applying Existing Tax Anti-Abuse Rules to Digital Assets Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
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
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.
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.
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.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
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: — Referred to the House Committee on Ways and Means.
Coverage of this bill from across the press — each outlet's political lean labeled where AllSides has rated it, and marked "Not rated" where it hasn't.
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crowdfundinsider.com
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cnbc.com
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financefeeds.com
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