A transformative legislative proposal could reshape America’s financial future by allowing Bitcoin tax payments to fuel a potential $14 trillion economic boost over two decades. The Bitcoin for America Act, introduced by Rep. Warren Davidson, would enable taxpayers to settle federal liabilities in Bitcoin while channeling all incoming coins directly into the government’s Strategic Bitcoin Reserve, creating a market-driven acquisition system that requires no direct Treasury purchases and eliminates capital gains recognition on transactions.
about Bitcoin Tax Payments Could Boost US Economy by $14TWarren Davidson
0 posts last weekUS Bill Proposes Bitcoin Tax Payments to Strategic Reserve
A groundbreaking legislative proposal could fundamentally reshape how Americans interact with both cryptocurrency and federal taxation. The Bitcoin for America Act, introduced by Republican Representative Warren Davidson of Ohio, would permit taxpayers to settle federal obligations using Bitcoin while exempting these payments from capital gains taxation and directing all collected cryptocurrency into a US strategic Bitcoin reserve. This initiative represents a significant step toward integrating digital assets into the core financial infrastructure of the United States government.
about US Bill Proposes Bitcoin Tax Payments to Strategic Reserve