As per CryptoDnes, a new bill introduced in the U.S. House of Representatives, the Bitcoin for America Act, would allow citizens to pay federal taxes in Bitcoin and add the received BTC to the nation’s Strategic Bitcoin Reserve. Representative Warren Davidson’s proposal aims to transform the reserve from a passive holding into a long-term accumulation tool by redirecting voluntary Bitcoin tax payments. The bill also eliminates capital gains taxes on BTC used for federal tax payments, making it easier for taxpayers to use Bitcoin. Proponents argue that Bitcoin could serve as a macroeconomic hedge and appreciating reserve asset for the U.S. The proposal is part of broader efforts to integrate Bitcoin into federal financial infrastructure.
U.S. Lawmakers Propose Bill to Allow Bitcoin Tax Payments and Build Strategic Reserves
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