Davidson's Bitcoin for America Act Allows Federal Tax Payments in BTC, Reserve Could Add $14T in Value

Rep. Warren Davidson introduced the Bitcoin for America Act on November 20, allowing taxpayers to pay federal taxes in Bitcoin. All incoming coins would flow into the Strategic Bitcoin Reserve established by executive order. Bitcoin Policy Institute modeling shows 1% of federal taxes paid in BTC over 20 years could generate up to $14 trillion in cumulative value for the United States.