We Could Soon Be Paying Our Taxes with BTC

TL;DR

• Earlier this week, a Invoice was launched to permit US residents to pay their federal tax funds in BTC (which tells a bigger, extra constructive story).

Full Story

Keep in mind when Uber first got here out?

It began as a excessive finish service that nobody actually used, and which operated within the ‘gray space’ of the legislation.

Now, 15 or so years later, many individuals on the planet couldn’t reside with out it.

That’s the sort of transition Bitcoin is beginning to see — and this newest proposed Invoice backs that up.

Earlier this week, Republican Home Consultant, Matt Gaetz, introduced a Bill to permit US residents to pay their federal tax funds utilizing BTC.

Now, there’s nonetheless a protracted technique to go earlier than the Invoice is handed…

However! We’re nonetheless enthusiastic about it — right here’s why:

Firstly, it represents a transfer from rejection of crypto → acceptance of crypto (nicely, not less than of BTC).

It additionally opens up the dialog for the Home to battle it out.

Whether or not it passes or not doesn’t actually matter proper now – the vital half is that it’s being mentioned and debated.

And — if we will dream for a second — if this Invoice does get handed?

It could not solely lead to extra adoption for crypto, however extra clear laws round BTC funds.

Simply because the journey to mass adoption for Uber was lengthy and exhausting, thus far mass adoption for BTC has been even more durable.

However this can be a small step in the suitable course!

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