In remarks alongside Sen. Tim Scott, Moreno said he became the first person in the United States to pay taxes with Bitcoin, and noted the 2 Bitcoin used would be worth far more today.
Sen. Bernie Moreno said he paid $3,000 in taxes with 2 Bitcoin in 2016, describing himself as the first person in the United States of America to pay taxes with Bitcoin. During the exchange, Sen. Tim Scott asked what that Bitcoin would be worth today, prompting Moreno to reply, "Too soon." The remarks highlight how early Bitcoin use in everyday payments could later appear costly as the asset’s price increased sharply over time.