Bitcoin Tax Payments: New Congress Bill

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.