US Proposes Bitcoin for Taxes and Strategic Reserve

The United States is taking bold steps toward integrating Bitcoin into its financial system. Two proposed bills aim to establish a new era of tax payments in Bitcoin and create a substantial Strategic Bitcoin Reserve, championed by Congress members Rep. Warren Davidson and Sen. Cynthia Lummis. This move could significantly impact the US’s global standing as it aligns with international trends set by nations like El Salvador. If passed, these bills would modernize federal financial systems, allowing citizens to engage with digital assets in a more responsible manner.