Bitcoin for America Act: Tax Payments in Bitcoin Proposed
- Rep. Warren Davidson proposes tax payments in Bitcoin.
- Aims for a $14 trillion economic increase.
- Focuses on a Strategic Bitcoin Reserve model.
Rep. Warren Davidson introduced the Bitcoin for America Act, allowing IRS tax payments in Bitcoin, aiming to create a strategic Bitcoin reserve within the U.S. House of Representatives.
The act positions the U.S. as a global leader in digital currency adoption, potentially boosting the national economy by $14 trillion over 20 years.
Rep. Warren Davidson introduced the Bitcoin for America Act to the U.S. House, enabling payment of federal taxes in Bitcoin. The act connects to President Trump’s executive order , forming a national Bitcoin reserve. Bitcoin Policy Institute supports the initiative.
The proposed bill allows for taxes to be paid in Bitcoin , integrating these funds into a Strategic Bitcoin Reserve. Control and security are essential, with Treasury oversight and regulated institution partnership ensuring cold storage protocols.
Experts reveal potential economic benefits from using Bitcoin for tax payments, estimating a $14 trillion boost to the U.S. economy over two decades. This proposal represents a shift in how digital assets interact with public finance practices.
Financial implications include a budget-neutral stance since the bill doesn’t rely on government funding. This strategy involves accumulating asset value through taxpayer contributions, potentially altering traditional currency-reserve practices.
Some view this move as a pro-crypto policy milestone, affecting the digital asset landscape. The introduction of Bitcoin to federal financial systems could influence broader crypto regulation and adoption strategies.
Long-term governmental Bitcoin holding contrasts past practices, as previously seized crypto assets were auctioned. The implications for future U.S. fiscal policies may involve increased BTC retention, with wider adoption being closely monitored by various sectors.
“By allowing taxpayers to pay federal taxes in Bitcoin and having the proceeds placed into the Strategic Bitcoin Reserve, the nation will benefit by having a tangible asset that appreciates in value over time—unlike the U.S. dollar, which has steadily lost value under inflationary pressures… The Bitcoin for America Act will position our country to lead—not follow—as the world navigates the future of sound money and digital innovation.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Can a Sixteenfold Increase in Throughput Overcome Skepticism as Celestia's Token Drops by 97%?
- Celestia launches "Matcha" upgrade, boosting network throughput 16x and reducing token inflation by half to 2.5%. - The update enhances cross-chain scalability by expanding block size to 128 MB, positioning Celestia as a modular infrastructure for dApps and DeFi. - TIA token saw 6% short-term gains post-announcement but remains 97% below its 2024 peak, raising questions about market confidence. - Analysts debate the upgrade's impact, with some praising its potential to drive adoption while others warn of

Levi's Shares Climb Amid Interest Rate Optimism, Yet Tariffs and Weaker Demand Weigh on Future Prospects
- Levi's shares rose 3.4% amid Fed rate-cut optimism, but CEO warned tariffs remain a supply chain challenge. - Trade barriers force operational adjustments as tariffs shift from temporary disruptions to long-term costs. - Analysts highlight sluggish demand and 3.2% projected growth, citing margin pressures and brand relevance concerns. - Stock trades at 14.4x forward earnings, underperforming rivals like VF Corp. amid evolving consumer spending patterns.

Bitcoin News Today: Experts Divided on Bitcoin's $200K Forecast—Brandt Predicts 2029, Others Push for 2025
- Veteran trader Peter Brandt predicts Bitcoin will hit $200,000 by Q3 2029, contrasting with peers like Tom Lee (2025) and Cathie Wood ($1M by 2030). - Bitcoin's current $86,870 price reflects a 30% decline from its 2025 peak, with ETF outflows correlating to 3.4% price drops per $1B withdrawal. - XRP gains institutional traction via $179.6M ETF inflows, while Solana struggles below $130 amid bearish pressure. - CME Group plans spot-quoted futures for XRP/Solana by Dec 15, 2025, aligning with rising altco

Telegram Connects Web3 and Traditional Finance Through AI-Driven DeFi Boom
- Telegram's TON token surged 8.33% to $1.60, outperforming crypto markets amid ecosystem growth and institutional adoption. - Pavel Durov's COCOON AI platform bridges DeFi and AI tools, integrated into Telegram's 900M-user base for decentralized finance. - Tokenized stocks, digital collectibles (e.g., Lamborghini NFTs), and Chainlink integration expand TON's utility in Web3 and traditional finance. - Bitstamp listing, Coinbase/Gemini backing, and 15% trading volume surge reinforce TON's bullish technical
