A U.S. congressman has introduced legislation that would create a strategic Bitcoin reserve and remove capital gains tax (tax on investment profits) on Bitcoin transactions. The bill would manage federally held Bitcoin under Treasury reserve rules and aligns with broader efforts to let taxpayers use Bitcoin for federal tax payments without triggering capital gains tax. Both ideas remain at the legislative stage after being referred to committee and have not become law. The source frames the move as consistent with rising institutional Bitcoin adoption and says market pricing suggests the tax proposal may point to a broader regulatory shift. It also says any policy movement could affect Bitcoin pricing and market sentiment, making committee action and later regulatory updates the main developments to watch.