Overview
- Rep. Warren Davidson introduced the Bitcoin for America Act to let individuals and businesses settle federal tax liabilities in bitcoin credited at fair market value.
- The bill directs all bitcoin tax receipts into a codified Strategic Bitcoin Reserve and tasks Treasury with custody standards including cold storage, multi‑signature controls, and geographic distribution.
- Reserve holdings would be locked for at least 20 years with limited dispositions thereafter, positioning the asset as a long‑term store of value on the national balance sheet.
- The Bitcoin Policy Institute formally endorsed the bill and released an interactive forecasting model with BitcoinQuant to illustrate potential reserve growth under varying adoption scenarios.
- Decrypt reported the model’s example projection that 1% of U.S. taxes paid in bitcoin from 2025 through 2030 could add more than 2.6 million BTC, while the measure remains at the introduction stage and still requires Congressional action.