Representative Davidson Proposes Using Bitcoin for Federal Taxes, Aiming to Strengthen U.S. Economic Resilience

Congressman Warren Davidson has introduced a bill that could revolutionize how the US taxes its citizens: allowing payment of federal taxes using Bitcoin. This legislation, dubbed the “Bitcoin for America Act,” proposes channeling tax payments made in Bitcoin into a national Strategic Bitcoin Reserve. Davidson believes this shift to Bitcoin would modernize financial infrastructure and bolster the country’s economic resilience against inflation.