WASHINGTON, D.C. — Today, Rep. Warren Davidson (R-OH) introduced the Bitcoin for America Act to allow Americans to pay federal taxes in Bitcoin and direct all such payments into the Strategic Bitcoin Reserve. This measure will strengthen long-term national financial resilience and position the U.S. at the forefront of global digital asset leadership.

“The Bitcoin for America Act marks an important step toward modernizing our financial systems and embracing the innovation that millions of Americans already use every day,” said Rep. Warren Davidson. “By 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—unlike the U.S. dollar, which has steadily lost value under inflationary pressures. This bill will give the American people more choice in paying their taxes as well as give our government a stronger financial foundation. The Bitcoin for America Act will position our country to lead—not follow—as the world navigates the future of sound money and digital innovation.”

Background:

• Bitcoin’s fixed 21 million-coin supply creates scarcity, giving it a strong long-term record of appreciation versus inflationary currencies.
• Depositing Bitcoin payments into the Strategic Bitcoin Reserve will diversify U.S. assets and creates a durable, independent store of value.
• Other major nations, including China and Russia, are already accumulating Bitcoin, and this policy will ensure the U.S. doesn’t fall behind in global financial competition.
• Bitcoin’s decentralized, permissionless system expands financial access, allowing more Americans—including the unbanked—to participate and pay federal taxes.
• Bitcoin’s independence from inflationary monetary policy allows the Reserve to protect against dollar erosion and long-term economic risk.
• A Strategic Bitcoin Reserve strengthens the national balance sheet and reduces the nation’s reliance on debt.
• Watch my full conversation with the Bitcoin Policy Institute here on the significant benefits this measure will deliver.
• Read the full Bitcoin for America Act here. 

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