House bill H.R. 9172 targets crypto loss-harvesting by applying wash-sale rules to digital assets

A House proposal would curb crypto tax-loss harvesting by extending wash-sale and constructive-sale rules to many digital assets, limiting the ability to claim losses after quickly repurchasing similar positions. The plan includes limited exemptions, including for qualified U.S. dollar stablecoins and certain digital assets received through staking, mining and related validation activities. House Budget Chairman Jodey Arrington said in a June 17 press release that the proposal is aimed at applying existing tax anti-abuse rules to digital assets.