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Allowing Federal Taxes to be Paid in Bitcoin and Establishing a National Reserve

This law allows citizens to pay all federal taxes and fees using Bitcoin. A major benefit is that taxpayers will not owe capital gains tax on the appreciation of the Bitcoin used to satisfy their tax liability. All collected Bitcoin will be deposited into a new Strategic Bitcoin Reserve, intended to diversify national wealth and protect the country's finances against dollar inflation.
Key points
Citizens gain the option to pay federal taxes (income tax, penalties, fees) directly using Bitcoin.
Elimination of capital gains tax on Bitcoin used to satisfy a tax liability (nonrecognition of gain or loss).
Creation of a Strategic Bitcoin Reserve, where collected Bitcoin must be held for at least 20 years to safeguard national assets.
The value of Bitcoin for payment purposes will be determined using official, published reference exchange rates.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_6180
Sponsor: Rep. Davidson, Warren [R-OH-8]
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Bitcoin for America Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_6180.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

What are the main provisions?

Key points include:

  • Citizens gain the option to pay federal taxes (income tax, penalties, fees) directly using Bitcoin.
  • Elimination of capital gains tax on Bitcoin used to satisfy a tax liability (nonrecognition of gain or loss).
  • Creation of a Strategic Bitcoin Reserve, where collected Bitcoin must be held for at least 20 years to safeguard national assets.
  • The value of Bitcoin for payment purposes will be determined using official, published reference exchange rates.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Economy