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Analyze HR6180 - Bitcoin for America Act

HR6180

Bitcoin for America Act

This legislation authorizes the payment of federal taxes using Bitcoin and establishes a Strategic Bitcoin Reserve to hold these funds. It provides taxpayers with a critical tax incentive by ensuring no gain or loss is recognized on Bitcoin transferred to satisfy federal tax liabilities. The bill also directs the Treasury to implement secure custody methods, including cold storage, and restricts the sale or disposition of the national Bitcoin holdings for at least twenty years.

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Analyze HR6180 - Bitcoin for America Act | DoTheySupportIt