Florida Republican Congressman Matt Gaetz has introduced an innovative bill that would push the U.S. Treasury Department to accept Bitcoin as a form of tax payment.
Matt Gates believes that Bitcoin and cryptocurrencies have the potential to revolutionize the modern financial system, and stressed that the U.S. Treasury must update its technological means to adapt to this emerging trend.
Draft bill proposes paying taxes with Bitcoin
The bill was authored by Rep. Matt Gaetz (R-FL), a groundbreaking measure at the state level that would require the Secretary of the Treasury to develop and implement a law that would allow all individuals to pay any tax using Bitcoin.