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Rep. Warren Davidson (R-OH) introduced the Bitcoin for America Act, a bill that would allow individuals and corporations to pay federal taxes in bitcoin and direct those payments into the U.S. Strategic Bitcoin Reserve.
The legislation, which was filed on Thursday, November 20, 2025, would amend the Internal Revenue Code to accept bitcoin as a valid form of payment for federal tax obligations. The Treasury Department would credit the fair market value of the bitcoin at the time of transfer and immediately deposit the coins into the Strategic Bitcoin Reserve, which President Trump established by executive order in March 2025 using approximately 200,000 BTC seized in criminal cases.
Davidson said the bill offers taxpayers a choice. Rather than sending dollars that Congress may spend on other priorities, they can contribute directly to a national bitcoin reserve. “This is a voluntary, market-driven way to strengthen America’s balance sheet and position the United States as the global leader, not a follower in digital innovation and sound money,” the congressman wrote in a statement posted on his official website.
He also warned that China and Russia are quietly stockpiling bitcoin and argued the bill is needed to keep the United States from falling behind in the global race for digital-asset dominance.
The measure has the backing of the Bitcoin Policy Institute, which called it “the first serious legislative proposal to grow the Strategic Bitcoin Reserve without new appropriations.” The group argues the policy creates an incentive for long-term holders to settle liabilities tax-efficiently while expanding U.S. holdings.
🇺🇸Breaking: Today @rep_davidson introduced the Bitcoin for America Act in the U.S. House of Representatives!
I sat down with him to talk about the bill, what this means for America, and its path to passage.@btcpolicyorg was honored to host this conversation. Watch below! pic.twitter.com/JnEQ7QTQgU
— Conner Brown (@BitcoinConner) November 20, 2025
Critics note that paying taxes in bitcoin effectively transfers ownership of the asset to the government, giving up future upside in exchange for settling current obligations. With bitcoin trading at $90,900 on November 21, down 4.98% on the day, the practical uptake remains uncertain.
The bill faces long odds in a divided Congress, but it adds to a growing list of crypto-friendly proposals introduced since the November 2024 election.
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