U.S. Congressman Introduces Bill to Enable Bitcoin Tax Payments

A new bill introduced by U.S. Congressman Warren Davidson, the ‘Bitcoin for America Act’, proposes a major shift in federal financial systems. The act would allow Americans to pay their federal taxes in Bitcoin. 20 years of taxpayer-funded Bitcoin will be held in the Strategic Bitcoin Reserve, promoting diversification and mitigating reliance on the US dollar. This move is supported by pro-crypto advocates and could significantly impact Bitcoin’s role within U.S. financial policy. The act also aims to modernize financial systems and promote adoption of digital currencies at a national level.