House Panel Advances Crypto Tax Bill That Would Limit Certain Loss Write-Offs

The Ways and Means Committee voted 38-5 for a bill that would limit crypto investors’ ability to claim a loss if they buy the same asset within 30 days before or after the sale, covering sales after Sept. 14.

House panel advances crypto tax bill limiting loss write-offs

Chairman Jason Smith of Missouri

Posted September 16, 2026 at 6:57 pm EST.

The House Ways and Means Committee approved the Digital Asset Tax Certainty Act 38-5 on Wednesday, sending the full House a bill that would apply wash-sale rules to crypto sold after Sept. 14, the day it was introduced.

Wash-Sale Rule Starts Sept. 14

If the bill becomes law, a loss on a traded digital asset, other than a qualified U.S. dollar stablecoin, sold after Sept. 14 would be disallowed if the seller buys the same or a substantially identical asset within 30 days before or after the sale. The introduced text applies the change to dispositions after its introduction date, and Smith’s substitute amendment writes that date out as Sept. 14, 2026.

Chairman Jason Smith (R-Mo.) said in a statement after the vote that the legislation “would be the first-ever federal law to address the substantive tax treatment of cryptocurrencies” and other digital assets.