Companies with crypto on the balance sheet in 2026 — how are you actually getting the exposure? The mix changed fast: BTC, ETH, and now XRP all trading as spot ETFs. Each path has a completely different tax accounting framework. Most CFOs are using the wrong one for at least one.

Senate Banking moved a comprehensive crypto market-structure bill last week — first time the framework has cleared committee. Markets have since rolled over on Iran headlines: Bitcoin back below $80K, XRP down 6% on the week. The tax-planning point survives the price action: if the final bill keeps the commodity classification for most network tokens — XRP included — wash-sale rules and 60/40 treatment land in scope for active traders for the first time. Bill still has to clear the floor. Planners shouldn't wait to model both scenarios.