New U.S. Bill Would Let Americans Pay Federal Taxes in Bitcoin

[etfs]

U.S. Representative Warren Davidson has introduced a bill that would allow citizens to pay federal taxes using Bitcoin.
The “Bitcoin for America Act” proposes routing these payments into a national BTC reserve while exempting payers from capital gains taxes on the transferred coins.
If passed, the measure would mark one of the most significant steps toward integrating Bitcoin into the U.S. financial and governmental system.

[Nahid Hossen]

Paying federal taxes in Bitcoin would be a huge step toward mainstream adoption.