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.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments