New Bill Would Allow Federal Taxes To Be Paid With Bitcoin, Protect US From 'Global Financial Instability'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A new bill introduced in the House of Representatives would allow people to pay federal taxes with Bitcoin. The Bitcoin for America Act by Rep. Warren Davidson (R-UT) would also protect the U.S. from financial instability by diversifying its national wealth and keeping up with countries that have already built up Bitcoin reserves, Davidson said in a statement. "By allowing taxpayers to pay federal taxes i ...