A US lawmaker has just proposed a bill allowing individuals and businesses to pay federal taxes with Bitcoin, with all proceeds going into the Strategic Bitcoin Reserve Fund. Representative Warren Davidson (Republican, Ohio) stated that the Bitcoin for America Act aims to strengthen the government’s financial assets and expand the role of digital assets in the public financial system.
The bill was introduced following an executive order establishing a strategic reserve fund from approximately 200,000 BTC previously confiscated. Under the proposal, taxpayers could choose to fulfill their tax obligations with bitcoin, and these payments would be recorded in the reserve fund instead of traditional spending programs.
The plan has drawn attention as several cities, such as Detroit, have already accepted tax payments in cryptocurrency. Analysts believe the bill could spark debate over fiscal policy and the growing role of crypto in US finance.
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