The Bitcoin for America Act of 2025, proposed by U.S. Republican Congressman Warren Davidson in November 2025, has caused a stir in the global crypto community. The key provisions include two main points: first, allowing Americans to directly pay federal income taxes with BTC; second, no need to confirm taxable gains or losses when paying taxes, effectively setting capital gains tax to zero. This policy essentially opens an official zero-tax channel for BTC holders, sharply contrasting with traditional cryptocurrency tax rules, and also marks an important step for BTC towards compliance and mainstream acceptance.
In terms of scale, the U.S. federal fiscal revenue for the fiscal year 2024 will reach $4.9 trillion, with personal income tax accounting for nearly 50%. If only 5% of taxpayers choose to pay taxes with BTC, the corresponding amount will reach $245 billion; if the percentage increases to 10%, the scale will reach $490 billion. The bill clearly states that the BTC paid will be deposited into the 'Strategic BTC Reserve', managed by U.S. Treasury Secretary Janet Yellen, using cold storage and geographically diversified custody models, with annual disposal quantities limited, holding long-term to preserve value, essentially achieving national-level BTC accumulation through market-oriented methods.
The bill clarifies the positioning of BTC: it will not replace the U.S. dollar but will support the value of the dollar like gold. This shift not only solidifies the mainstream recognition of BTC but also demonstrates the U.S.'s strategic layout in the digital asset field, attempting to occupy a dominant position in the industry through compliance and institutionalization. For crypto investors, the advancement of the bill means an accelerated process of BTC compliance, further confirmation of long-term value, and a new phase of integration between cryptocurrencies and the traditional financial system. The decentralized characteristics of blockchain technology and the value storage properties of BTC will be further highlighted within the compliance framework, and the industry landscape is expected to undergo fundamental adjustments, significantly enhancing the long-term allocation value of high-quality crypto assets.
