Proposed Bitcoin for America Bill Would Enable BTC Tax Payments, Which Go to Reserve

Rep. Warren Davidson has introduced a bill allowing Americans to pay federal taxes using Bitcoin, intending to deposit the collected BTC into the U.S. stockpile. The bill emphasizes the potential of Bitcoin as a non-inflationary asset, asserting the need for the U.S. to enhance its national wealth to remain competitive against countries like Russia and China. Davidson highlighted that the Bitcoin for America Act represents a significant move towards modernizing U.S. financial systems and embracing the digital innovations many Americans already utilize. He noted that the bill would increase taxpayer choices and provide a stronger financial foundation for the government, positioning the U.S. to lead in the evolving landscape of digital currency and sound money.

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