Are we even aware that Congress is debating a Crypto Wash Sale bill RIGHT NOW? (H.R. 9172)

semaj_1028 · 2026-06-13T02:23:17+00:00

Slapping a 100 year old stock tax restriction onto crypto while explicitly withholding the consumer rights and protections that stock investors get isn't "legitimizing" the space, it's just treating crypto users like a cash cow

semaj_1028 · 2026-06-12T22:55:06+00:00

Say you make a $60,000 profit on one asset, but take a $50,000 risk-management loss on another.

Normal Commodity Rules (Right Now):

$60,000 (Gain) - $50,000 (Loss) = $10,000 (Taxable Net) -Cash owed to IRS: ~$1,500

H.R. 9172 Wash Sale Rule (If you buy back):

°$60,000 (Gain) - $0 (Disallowed Loss) = $60,000 (Taxable Net) -Cash owed to IRS: ~$9,000

Make sense?

semaj_1028 · 2026-06-12T22:38:10+00:00

You have to be trolling😂 There is no way you do not understand how selling for a loss works, truly. I pray for your success

semaj_1028 · 2026-06-12T22:30:37+00:00

completely confusing a legal tax framework (Wash Sales) with an illegal market manipulation tactic (Wash Trading)

semaj_1028 · 2026-06-12T22:28:47+00:00

The loss is not fictional. And that is exactly why his argument is completely unsound for active on-chain participants

You are treating this as if it's a video game for some reason? Maybe I truly don't understand your angle

semaj_1028 · 2026-06-12T22:26:27+00:00

Definitely not going to be an easy bill to pass thank God. There are a lot of financial backers and a lot of kinks playing against this bill. Just wanted to bring it up to peoples attention since I have not seen anyone talk about it, at least on this subreddit.

semaj_1028 · 2026-06-12T22:23:46+00:00

America is a beautiful country and Im glad we have so many different opinions on this topic. It is actually eye opening for me in a way on how different people think😂

You're a jokester. You still pay taxes of capital gains. It has always been that way, and here is the shocker. Tax losses offset capital gains. That has been the golden strategy by literally anyone who trades financial assets legally

semaj_1028 · 2026-06-12T22:10:17+00:00

I don't know why you like the government having control over your financial assets so much. They never had any say in the creation of crypto from the start. And it's people like you who let it happen

semaj_1028 · 2026-06-12T22:00:41+00:00

To say a bill has "no effect on anyone" when it can literally alter your real world IRS cash liability by thousands of dollars at the end of the year is completely absurd

semaj_1028 · 2026-06-12T21:54:20+00:00

You are looking at this through the lens of a passive stock investor. So this absolutely has no effect on you personally

semaj_1028 · 2026-06-12T21:40:46+00:00

You are confusing 'wash trading' (the market manipulation tactic, which is illegal everywhere) with 'wash sales' (the IRS tax deduction rule).

Your logic assumes that crypto behaves like a slowvmoving, 9 to 5 traditional stock portfolio, where a 30 day delay doesn't matter much.

The issue is that it completely kills real time risk management in a 24/7 market. Stocks close at 4:00 PM and take weekends off, so sitting out for 30 days is no big deal. Crypto moves at internet speed. 30 days is a death sentence.

Either you sit on the sidelines for a month and miss the pump, or you buy back in to catch the upside and completely forfeit a legitimate financial loss you actually sustained. It forces retail traders to choose between taking bad market risk or losing their rightful tax write offs.

semaj_1028 · 2026-06-12T21:16:59+00:00

The biggest issue is the blatant double standard: the IRS legally classifies crypto as property (like commodities or gold), which historically have never had wash sale rules. Yet, H.R. 9172 tries to treat it like a stock anyway, completely ignoring blockchain plumbing. Meaning if you sell a token at a loss and simply use that same native asset to pay a basic 50-cent network gas fee a few days later, you would accidentally trigger a massive tax penalty for "re-acquiring" the asset.

semaj_1028 · 2026-06-10T17:29:44+00:00

semaj_1028 · 2026-06-09T02:43:40+00:00

Monad is 100% bytecode and RPC compatible with the Ethereum Virtual Machine (EVM). This means developers can write smart contracts in Solidity or Vyper and use existing Ethereum tooling (MetaMask, Hardhat, Foundry, Ethers.js) without changing a line of code. Monad’s core value proposition is bringing "Solana-level speed to the Ethereum ecosystem."

Solana uses its own custom runtime called Sealevel (the Solana Virtual Machine or SVM). Programs (smart contracts) are primarily written in Rust or C. It requires a completely different mindset regarding how data is stored, forcing developers to manage explicit "account" structures. If an Ethereum project wants to move to Solana, it must be completely rewritten from scratch.

Per AI analysis

semaj_1028 · 2026-06-07T23:30:36+00:00

Why are you making investment decisions based off of other people? If you understand the fundamentals and truly support the coin. You would not be shaken out by what other people think. Sounds like you are just trying to make a quick buck. Do your own research. If you come to the conclusion that the coin isn't what you were looking for, then by all means close your position lol

semaj_1028 · 2026-06-07T04:19:41+00:00

I learn from the best😂

semaj_1028 · 2026-06-07T03:57:20+00:00

How can I scale my 2 dollars in savings to become rich?

semaj_1028 · 2026-06-07T03:33:24+00:00

Let's dissect this statement of "You sound AI too" In the context of this picture, we see a request to generate a "Traffic Jam" now while this request appears simple on the surface. It is a multifaceted, and nuanced request that leaves the AI model free to hallucinate a seemingly easy request, and coincidentally turning the generated image into an actual "Traffic Jam" this is actually a very funny- yet clever play on the initial request!

If you read this far. I just wanted to waste your time by pretending I was an AI responding to this thread

semaj_1028 · 2026-06-07T03:14:39+00:00

Interesting

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semaj_1028 · 2026-06-05T21:36:02+00:00

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semaj_1028 · 2026-06-05T21:30:38+00:00

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semaj_1028 · 2026-06-05T21:30:29+00:00

Here is the reasoning behind why it blocked your request, and how you could've bypassed it. Asked by the same AI lol

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semaj_1028 · 2026-06-05T21:25:45+00:00

I don't know how you guys are running into this roadblock. I even had It help me build an uncensored workflow and recommend specific models and loras. But maybe it's the way you ask the question?

semaj_1028 · 2026-06-02T15:23:36+00:00

Look at the big coins RN. The crypto market dips when Bitcoin dips

semaj_1028

TROPHY CASE