House Ways and Means Panel Advances Crypto Tax Bill Limiting Loss Write-Offs

The bipartisan margin matters more than the substance: a 38-5 committee vote signals crypto tax treatment is becoming a normal legislative question rather than a partisan proxy fight. The 30-day wash-sale rule is borrowed from equities, so the real shift is parity with traditional assets — and with it, the loss-harvesting tactics that have shaped how positions are managed around year-end. The open question is whether the retroactive-style cut-off tied to sales after Sept. 14 survives later stages, since timing rules are where such bills usually get rewritten.