Applying Existing Tax Anti-Abuse Rules to Digital Assets Act
To amend the Internal Revenue Code of 1986 to apply the wash sale rules and constructive sale rules to digital assets, and for other purposes.
This bill, HB9172, proposes to update tax laws to include digital assets like cryptocurrencies under existing rules that prevent tax avoidance strategies, such as wash sales and constructive sales. Essentially, this would ensure that digital assets are subject to the same rules that apply to traditional investments, like stocks and bonds, to avoid tax evasion.
The bill would affect individuals and businesses that own or trade digital assets by ensuring they follow the same tax rules as other investments. This means that if someone sells a digital asset and then buys a similar one within a certain period, they may not be able to avoid paying taxes on the transaction. The goal is to create a level playing field and prevent tax avoidance.
As of June 8, 2026, the bill was introduced in the House and referred to the House Committee on Ways and Means. This means it is in the early stages of the legislative process, and the committee will review it before it can move forward for further consideration. There are no further actions recorded at this time.
