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U.S. Bill Would Allow Tax Payments in Bitcoin and Waive Capital Gains on Those Transactions

A strategic Bitcoin reserve bill introduced in the U.S. Congress would allow taxpayers to pay taxes in Bitcoin and eliminate capital gains tax on those payments, Congressman Davidson said. The legislation would place seized Bitcoin under Treasury custody and centralize storage for digital assets, addressing cases where agencies held them without a single custodian and at times lost private keys. Separately, Brazil's Congress is considering a RESbit bill to acquire at least 1,000,000 BTC over five years, replacing and expanding an earlier national strategic Bitcoin reserve draft.
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