Congressman Matt Gaetz Proposes Legislation to Accept Bitcoin as Payment for Federal Income Tax
U.S. Congressman Matt Gaetz (FL-01) introduced legislation on June 15 to “amend the Internal Revenue Code of 1986 to allow the payment of certain Federal taxes with bitcoin.” Congressman Gaetz learned about the impact of Bitcoin on a country’s economy when attending the second inauguration of El Salvador’s populist president Nayib Bukele earlier this month. Bitcoin is the first decentralized cryptocurrency whereby transactions are verified via peer-to-peer bitcoin network nodes through […]