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Homepage > News > Business > New bill lets Americans pay federal taxes using BTC A new bill introduced in the United States House of Representatives would allow American taxpayers to pay all federal taxes in BTC, which would then be used to fund the country’s strategic “crypto” reserve. The bill was introduced by Representative Warren Davidson (R-Ohio). Dubbed the “Bitcoin for America Act,” it amends the tax code to allow Americans to pay “taxes (and any penalty, addition to tax, or other amount)” with BTC. Under the proposed provisions, the value of tax payments made in Bitcoin would be fixed to the market value at the time the payment is “deemed made.” Payments are “deemed made” once the BTC has been “irrevocably transferred” to a BTC network address designated by the secretary and has received the level of network confirmations specified by the secretary of the Treasury (hereafter referred to as ‘the Secretary’). The bill also specifies that any taxes paid with BTC shall go to a Strategic Bitcoin Reserve managed and aggregated by the secretary. As currently drafted, this applies to all tax payments made with BTC; taxpayers do not have the option to opt out of their payments being placed in the Reserve. Under the provisions of the bill, all BTC deposited in the Reserve will be “held for the long-term benefit of the U.S.” The Reserve cannot be sold or otherwise disposed of at a rate of more than one-twentieth of the total holdings in one year, and not before the expiry of a period of 20 years following its deposit. The bill contains a significant amount of preamble, setting out the justification for the proposals and casting the initiative as a means for the U.S. to stay competitive in a rapidly developing global digital asset…

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Filed under: News - @ November 26, 2025 12:25 pm