Congressman Matt Gaetz has put forward a groundbreaking proposal to permit the payment of federal income taxes using Bitcoin. Should this proposal be given due consideration, it would mark a major milestone in the acceptance of cryptocurrency in the United States. In light of the recent approval of the Bitcoin exchange-traded fund (ETF), the addition of Bitcoin as a valid payment method could potentially serve as a positive catalyst for its price. Furthermore, such a development could also serve as an impetus for the implementation of favorable regulations in other countries around the world.
