US Residents Can Pay Federal Tax In Bitcoin (BTC) If This New Bill Becomes Law

United States residents may gradually be nearing an era where they can finally utilize cryptocurrency, precisely Bitcoin (BTC) to offset their federal tax. Bitcoin for Tax Adoption in U.S. Eyeing History A new bill that would allow U.S. residents to pay federal income tax in Bitcoin has been proposed by US Congressman Matt Gaetz.

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US Congressman Matt Gaetz Proposes Bill to Accept Bitcoin for Federal Tax Payments

Congressman Matt Gaetz, a Republican from Florida, has proposed a bill that would enable federal income tax payments in Bitcoin. Initially reported by the Daily Wire, this legislation seeks to modify the Internal Revenue Code of 1986 by directing the Secretary of the Treasury to develop a strategy for adding Bitcoin into tax payment options.

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Terraform Labs Linked LFG Announces Moving Assets Post SEC Settlement

Terraform Labs’ non-profit organization LFG announces methods to secure its crypto holdings. The firm recently made a settlement of $4.7 billion in its case against the SEC.

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US Congressman proposes bill to allow federal tax payments in Bitcoin

US Congressman Matt Gaetz has proposed a bill to allow federal income tax payments in Bitcoin. If passed, this would change the government’s use of cryptocurrencies.

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Congressman Matt Gaetz Introduces Bill to Allow Federal Income Tax Payments in Bitcoin

The bill would order the Treasury secretary to develop a plan for accepting Bitcoin as payment.

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US bitcoin ETFs see seventh straight day of outflows, tying record

US spot bitcoin ETFs endured net outflows for a seventh straight trading day on Monday — tying a record run earlier this year.

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Ethereum hits longest inflationary period since Merge

Ethereum is in the midst of its longest inflationary period so far. And “blobs” could be to blame.

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L2s have gotten hyperfocused — that’s bad news for Web3

In the Netherlands, we have a saying: “Meten is weten,” which, literally translated, means “measuring is knowing.” We prefer to look at situations directly, because only then do we know what we’re up against — and what needs to be changed.

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White House Brings SEC Critic as Crypto Advisor, Major Regulatory Changes Ahead?

In a potential attempt to re-engage with the crypto industry, the White House has rehired cybersecurity advisor Carol House as the crypto advisor.

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