🟡 BREAKING NEWS: U.S. CONGRESS INTRODUCES “BITCOIN FOR AMERICA ACT” 🟡
Major crypto milestone — potential game‑changer for $BITCOIN & digital assets
📣 The U.S. House of Representatives has just introduced a new bill called the Bitcoin for America Act (H.R. 6180) that could allow Americans to pay federal taxes directly in Bitcoin — and reverse a long‑standing tax barrier that has discouraged on‑chain usage. �
Congress.gov +1
🧾 What’s the big idea?
✔️ If passed, the bill would allow Federal taxes (income, corporate, estate, gift, etc.) to be paid in Bitcoin (BTC). �
✔️ It would exclude capital gains tax on Bitcoin used to pay those taxes — so taxpayers wouldn’t owe tax just for using BTC. �
✔️ Bitcoin collected by the government could be deposited into a proposed Strategic Bitcoin Reserve, helping the U.S. hold BTC as a national asset. �
Congress.gov
Crypto Briefing
Crypto Briefing
📊 Why this matters:
🔥 This bill tackles a major crypto tax pain point — under current U.S. tax law, using crypto to pay for anything usually triggers a taxable event (capital gains). If this reform passes, paying taxes with Bitcoin would become practical and tax‑efficient. �
Crypto Briefing
💭 Possible impact:
⭐ Could boost Bitcoin adoption and mainstream usage
⭐ Might encourage other countries to explore similar policies
⭐ Seen by many analysts as bullish for the crypto market
👉 This bill is still in the legislative process and not yet law, but it represents a major shift in how digital assets could be treated in the U.S.$BTC
