365Crypto
Bitcoin might soon land on your tax bill — but in a good way. A new proposal in Congress aims to let Americans send BTC straight to the IRS. The twist? Those coins would roll into the US strategic Bitcoin reserve instead of the dollar pool. It feels like filing taxes just got a lot more futuristic.
Representative Warren Davidson from Ohio pitched the idea in the Bitcoin for America Act. His plan scraps capital gains taxes on BTC used for tax payments. No gains. No losses. No headaches. Just a clean transfer from your wallet to Uncle Sam. That alone makes some crypto users smile despite April deadlines.
Davidson argued that Bitcoin holds value better than the dollar. He said the reserve would grow over time without suffering inflation drag. He also claimed this move gives the country a long-term asset with backbone. Many taxpayers wish their savings behaved the same way.
The bill also solves a political puzzle. The government would stack sats without buying BTC on the open market. That avoids pushing up prices during accumulation. It is a stealthy strategy, although “stealth” and “IRS” rarely share a sentence. Some analysts say this could become a model for national crypto reserves.*
