Congressman Warren Davidson Proposes Bill for Federal Tax Payments in Bitcoin

Representative Warren Davidson introduced the Bitcoin for America Act to allow Americans to pay federal taxes in bitcoin without triggering capital gains liability. Proceeds from such payments would go to the proposed U.S. Strategic Bitcoin Reserve, authorized by a March executive order from President Donald Trump but not yet established pending congressional action. Davidson, a long-time bitcoin advocate, argues the reserve could strengthen the nation’s economy and help diversify holdings with an appreciating asset. The bill’s introduction coincides with a significant decline in bitcoin’s value, and industry advocates view it as a fresh funding pathway for the reserve. According to recent estimates, the White House’s crypto vault holds 198,012 BTC, valued at about $17 billion.