The United States Government, at all levels, is attacking Cryptocurrency. The IRS has held that Cryptocurrency is property and not a security. But Congress is seeking to eliminate a “loop hole” created by that designation. The wash sale rule applies to “stocks & securities” and prevents individuals from realizing a capital loss if they buy back a “substantially similar” stock or security within 30 days.
Congress is also looking to tax each and every trade or exchange in Cryptocurrency. The “government feels that an activity that generates income should be taxed.”