{"id":411962,"date":"2025-11-22T06:20:05","date_gmt":"2025-11-22T00:50:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/house-bill-would-allow-bitcoin-payments-for-federal-taxes-crypto-news\/"},"modified":"2025-11-22T06:40:18","modified_gmt":"2025-11-22T01:10:18","slug":"house-bill-would-allow-bitcoin-payments-for-federal-taxes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/house-bill-would-allow-bitcoin-payments-for-federal-taxes-crypto-news\/","title":{"rendered":"House Bill Would Allow Bitcoin Payments for Federal Taxes – Crypto News"},"content":{"rendered":"

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A bill introduced Thursday (Nov. 20) in the U.S. House would allow Americans to use Bitcoin to pay federal taxes and would direct those payments into the Strategic Bitcoin Reserve.<\/span><\/p>\n

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The <\/span>Bitcoin for America Act<\/span><\/a> (<\/span>H.R. 6180<\/span><\/a>) was introduced by Rep. <\/span>Warren Davidson<\/span><\/a> (R-Ohio) and referred to the Ways and Means Committee and the Financial Services Committee, according to Congress.gov.<\/span><\/p>\n

Davidson said in a Thursday <\/span>press release<\/span><\/a> that allowing Americans to use Bitcoin to pay taxes would enable more Americans, including those who are unbanked, to pay taxes.<\/span><\/p>\n

Directing those Bitcoin payments to the Strategic Bitcoin Reserve would diversify U.S. assets, create an independent store of value, ensure the U.S. doesn\u2019t fall behind other nations in global financial competition, and guard against dollar erosion and long-term economic risk, Davidson said in the release.<\/span><\/p>\n

\u201cBy allowing taxpayers to pay federal taxes in Bitcoin and having the proceeds placed into the Strategic Bitcoin Reserve, the nation will benefit by having a tangible asset that appreciates in value over time \u2014 unlike the U.S. dollar, which has steadily lost value under inflationary pressures,\u201d Davidson said in the release.<\/span><\/p>\n

\u201cThis bill will give the American people more choice in paying their taxes as well as give our government a stronger financial foundation,\u201d Davidson said. \u201cThe Bitcoin for America Act will position our country to lead \u2014 not follow \u2014 as the world navigates the future of sound money and digital innovation.\u201d<\/span><\/p>\n

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Advertisement: Scroll to Continue<\/p>\n<\/div>\n

President Donald Trump signed an <\/span>executive order<\/span><\/a> to establish a <\/span>Strategic Bitcoin Reserve<\/span><\/a> in March, saying it would enable the nation to manage digital assets as it would any other resource.<\/span><\/p>\n

The <\/span>Bitcoin Policy Institute<\/span><\/a>, a nonpartisan, nonprofit organization, said Thursday that it endorses Davidson\u2019s bill. In a Thursday <\/span>press release<\/span><\/a>, the organization said the bill codifies the executive order creating a Strategic Bitcoin Reserve and enables Americans to pay federal taxes in Bitcoin without incurring capital gains liability.<\/span><\/p>\n

\u201cThe Bitcoin for America Act proves that a strategic Bitcoin reserve doesn\u2019t need to be a top-down mandate,\u201d BPI Head of Strategy <\/span>Conner Brown<\/span><\/a> said in the release. \u201cBy letting Americans voluntarily contribute Bitcoin through their tax payments, it creates the first truly democratic, market-driven model for national Bitcoin accumulation.\u201d<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A bill introduced Thursday (Nov. 20) in the U.S. House would allow Americans to use Bitcoin to pay federal taxes and would direct those payments into the Strategic Bitcoin Reserve. The Bitcoin for America Act (H.R. 6180) was introduced by Rep. Warren Davidson (R-Ohio) and referred to the Ways and Means Committee and the Financial […]<\/p>\n","protected":false},"author":2,"featured_media":411963,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-411962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411962","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=411962"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411962\/revisions"}],"predecessor-version":[{"id":411964,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/411962\/revisions\/411964"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/411963"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=411962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=411962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=411962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}