Bitcoin Tax Payments: New Congress Bill
Update: 2025-11-21
Description
Congressman Warren Davidson proposes the Bitcoin for America Act, allowing taxpayers to pay federal taxes in Bitcoin and directing those funds into a U.S. Strategic Bitcoin Reserve. Davidson believes this move would modernize financial systems, position the U.S. as a digital assets leader, and benefit the nation due to Bitcoins potential appreciation. The bill comes after Trumps executive order authorizing the reserve, potentially sidestepping concerns about taxpayer dollars funding it.
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