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STRATEGIC #BITCOIN RESERVE BILL WAS JUST INTRODUCED IN CONGRESS
BILL WILL ALLOW TAXES TO BE PAID IN BTC EXEMPT FROM CAPITAL GAINS
Congressman Warren Davidson introduces “#Bitcoin for America” bill to:
– Codify the Strategic Bitcoin Reserve Executive Order
– Eliminate capital gains tax when paying taxes with BTC
Warren Davidson Introduces Bitcoin Tax Payment Bill for U.S. Reserve
The Bitcoin for America Act, introduced Thursday, lets Americans and companies voluntarily pay taxes in bitcoin, skipping capital gains taxes, with the funds locked in a Strategic Bitcoin Reserve for at least 20 years. It builds on President Trump’s March 2025 executive order, which centralized seized crypto under the Treasury and directs agencies to hold bitcoin long-term while swapping other coins for more BTC. Davidson calls it a smart way to organize scattered government holdings and boost U.S. strength in digital assets, amid bitcoin’s climb past $90,000 and mixed reactions from crypto fans to skeptics.
Capital gains tax is only waived on tax payments made in Bitcoin. – This offers some room for optimization and an incentive to pay with Bitcoin.
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