Rep. Gaetz Proposes Bitcoin for Federal Tax Payments

U.S. Representative Matt Gaetz Introduces Bill to Allow Federal Taxes to Be Paid with Bitcoin

In a significant move that intersects cryptocurrency and government finance, U.S. Representative Matt Gaetz has introduced a bill that would enable Americans to pay their federal income taxes using Bitcoin. The proposed legislation, introduced in the House of Representatives, aims to amend the Internal Revenue Code of 1986 to accommodate this new payment method.