We are being played. "Stand With Crypto" is mobilizing retail to lobby for a bill that officially kills tax-loss harvesting while letting hedge funds completely bypass it

The problem is that "Stand With Crypto" is using retail as a grassroots shield to pass the Digital Asset Market Clarity Act (H.R. 3633). Coinbase gets immunity from SEC lawsuits, hence their advocacy. Wall Street gets a green light to pump its ETFs, and retail gets stuck with a rigid, 61-day stock market rulebook, via the accompanying tax package (H.R. 9172). If you take a $50k loss and buy back in, you can't use that deduction this year. Forcing you to find thousands in hard, out-of-pocket cash to pay the IRS for "phantom gains" while your loss is frozen. Meanwhile, hedge funds and institutions will just use a little something called, Section 475(f) election to completely bypass the wash sale rule like they always have in the stock market. Harvesting losses instantly while we handle the tax drag. They are literally packaging the death of our biggest tax advantage as an "innovation win." And retail is ok with that? My thing is that it is not equal across the board.