US lawmakers propose "2025 US Bitcoin Act": Grants legal status to strategic BTC reserves, allowing the public to pay taxes with Bitcoin.

U.S. Republican Congressman Warren Davidson introduced the “Bitcoin for America Act of 2025” this week, proposing to formally include the “Strategic Bitcoin Reserve” established by the current executive order into law; and for the first time allowing U.S. taxpayers to pay federal taxes directly in Bitcoin, completely exempting them from Capital Gains Tax during this transaction process. (Background: Trump reiterates: Let the U.S. become a “Bitcoin superpower”! A review of Trump's performance in the encryption industry during his first year in office) (Context: Cynthia Lummis: Bitcoin is the only rescue for U.S. Treasury! Strongly supports Trump's “BTC Strategic Reserve”) The well-known U.S. think tank “Bitcoin Policy Institute” (BPI) announced on November 20 that it officially supports the “Bitcoin for America Act of 2025” introduced this week by Ohio Republican Congressman Warren Davidson. BPI introduced that the two most groundbreaking contents of this act include: 1) formally incorporating the “Strategic Bitcoin Reserve” established by the current executive order into law; 2) for the first time allowing U.S. taxpayers to pay federal taxes directly in Bitcoin, completely exempting them from Capital Gains Tax, setting a historical precedent in the U.S. Paying taxes means the nation is Coin Hoarding According to BPI, the bill's sponsor Congressman Davidson emphasized that this legislation is a key step in the modernization of U.S. finance. He stated: “The 'Bitcoin for America Act' will allow innovative technology used daily by millions of Americans to officially enter the national financial system. After taxpayers pay taxes with Bitcoin, these Bitcoins will be directly incorporated into the strategic reserve, meaning the nation holds hard currency that will appreciate over time, rather than the dollar that is continuously eroded by inflation. This not only provides people with more options for paying taxes but also creates a more robust financial foundation for the government, allowing the U.S. to maintain a leading position in global currency and digital innovation competition, rather than falling behind.” At the same time, BPI's strategy director Conner Brown further pointed out that this bill demonstrates a “bottom-up” strategic thinking: “The 'Bitcoin for America Act' proves that the Strategic Bitcoin Reserve does not have to rely on government-mandated purchases. By voluntarily paying taxes in Bitcoin, every American can participate, creating the world's first truly democratized, market-driven national Bitcoin accumulation mechanism.” BPI released a Bitcoin Tax Financial Impact Model Additionally, to strengthen policy persuasiveness, BPI also simultaneously released a self-developed “Bitcoin Tax Financial Impact Model” completed in collaboration with BitcoinQuant analyst Rohan Hirani. This model simulates data on how much financial revenue the Strategic Bitcoin Reserve could bring in the long term if Americans gradually adopt Bitcoin for tax payments, and the model has been made publicly available for Congress members, research institutions, and the general public to review. If this bill passes smoothly, it will make the U.S. the first country in the world to officially accept Bitcoin as federal tax payments and exempt from Capital Gains Tax, and it is also seen as a critical step for Trump's administration's “Strategic Bitcoin Reserve” policy to move from executive order to congressional legislation. Related reports The U.S. government shutdown for 35 days set the “longest record,” with liquidity being drained leading to a big dump in Bitcoin and U.S. stocks. Why does Bitcoin need a government reopening to pump? Arthur Hayes: U.S. debt control will force the Fed to initiate invisible QE, igniting a Bitcoin bull run. <U.S. Congressman proposes the 'Bitcoin for America Act of 2025': granting legal status to the Strategic BTC Reserve, allowing the public to pay taxes in Bitcoin> This article was first published in BlockTempo, the most influential blockchain news media.