Republican

2024

Bitcoin

Coin

<ul class="news-points">
 <li><strong>Rep. Matt Gaetz wants people to pay federal taxes using Bitcoin to update the tax system.</strong></li>
 <li><strong>Colorado accepts cryptocurrency for taxes, and Gaetz wants this for all states.</strong></li>
 <li><strong>Congress working together to regulate stablecoins, showing they’re interested in crypto.</strong></li>
</ul>
<p>Florida Republican Congressman Matt Gaetz introduced a bill on Tuesday that would authorize federal income taxes to be paid using Bitcoin. This proposed legislation, if enacted, would require the U.S. Secretary of the Treasury to develop a plan to facilitate Bitcoin payments for federal taxes.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Florida Republican Congressman Matt Gaetz introduced a bill on Tuesday that would require the U.S. Treasury Secretary to develop a plan to allow federal income taxes to be paid via Bitcoin. Currently, only Colorado allows the use of cryptocurrency to pay taxes.…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1805783289929908533?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Gaetz stated that his <a href="https://gaetz.house.gov/media/press-releases/congressman-matt-gaetz-introduces-legislation-require-irs-accept-bitcoin-0" target="_blank" rel="noopener noreferrer nofollow">bill aims to modernize</a> the U.S. tax system by incorporating digital currencies. He believes that allowing individuals to use Bitcoin for taxes will stimulate innovation, streamline processes, and provide Americans with more payment options. Gaetz views this as a crucial step towards in…</p>
<p>The post <a href="https://coinedition.com/paying-your-taxes-with-bitcoin-it-could-soon-be-a-reality-in-the-u-s/" rel="noopener noreferrer nofollow">Paying Your Taxes with Bitcoin? It Could Soon Be a Reality in the U.S.</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Paying Your Taxes with Bitcoin? It Could Soon Be a Reality in the U.S.

Coin Edition

Άλλα άρθρα που δημοσιεύτηκαν στις 26 Ιουν 2024

Crypto Buzz: BlockDAG’s $53.5M Presale Explodes with Crypto Analyst Backing; Uniswap Climbs & Ren...

Ethereum spot ETFs could attract $15B by end of 2025 — Bitwise CIO

Tencent Tests Use Cases for Trading Settlements Using Digital Yuan and Mbridge

Bitcoin dominance dips to 52%: Is a market shake-up coming?

Experts Forecast BlockDAG’s Rise to $30 by 2030 Amid Ethereum ETF & Aptos Price Volatility

Cash In Now! BlockDAG’s $2M Giveaway Dominates As XRP & STX Show Growth

Join our free newsletter for daily crypto updates!