Hold On to Your Wallets: Bitcoin Tax Madness Hits Congress!

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In a shocking twist that could make your head spin faster than a Bitcoin chart, the new bill proposes a Strategic Bitcoin Reserve, lets you toss your taxes in BTC, and sets capital gains tax on Bitcoin to a jaw-dropping 0%!

That’s right, folks! A new legislative proposal in the United States is ready to flip the federal tax law on its head like a pancake at a Sunday brunch.

Strategic Bitcoin Reserve Bill: More Fun Than a Barrel of Monkeys!

A snazzy new Strategic Bitcoin Reserve bill has just been launched, proposing to officially recognize Bitcoin as a strategic financial asset. Talk about taking digital currency from the basement to the penthouse!

This move is like putting Bitcoin in the VIP section of public finance, making it the life of the party in long-term economic planning.

And wait, there’s more! The proposal lets you pay taxes in Bitcoin-because who wouldn’t want to throw a little crypto into Uncle Sam’s tip jar?

By pulling BTC into the tax system, the bill aims to legitimize its role in everyday finances, encouraging everyone from your grandma to your barista to hop on the Bitcoin bandwagon.

🚨 BREAKING 🚨

A NEW STRATEGIC BITCOIN RESERVE BILL HAS JUST DROPPED IN THE U.S. OF A!

THIS PROPOSAL LETS YOU PAY TAXES IN BITCOIN AND SLASHES CAPITAL GAINS TAX TO 0%!

IT’S A CRYPTO PARTY, AND EVERYONE’S INVITED! 🚀

– Bitcoin PulseX (@BitcoinPulseX)

In a daring move, the legislation wants to set capital gains tax on Bitcoin at a cool 0%. It’s like a “get out of jail free” card for investors, removing a major speed bump on the road to crypto adoption!

Imagine this: no more capital gains tax could mean a wild increase in transactions and a boost in the competition game for crypto jurisdictions worldwide. It’s like giving everyone a turbo boost in Mario Kart!

Bitcoin for America Act: Not Just Another Political Stunt!

Back in November 2025, U.S. Representative Warren Davidson swung his legislative lasso and introduced the Bitcoin for America Act.

The bill, much like a well-placed banana peel, allows taxpayers to use Bitcoin for their federal income tax obligations. Can I get a “thank you” for making taxes a little less boring?

Moreover, the Bitcoin for America Act says taxpayers will feel no gain or loss when they hand over Bitcoin to the government. It’s like trading your old socks for a shiny new pair-no one’s keeping score!

The Bitcoin for America Act will position our country to lead-not follow-as the world navigates the future of sound money and digital innovation.

Read more about my Bitcoin for America Act below, if you dare!

– Rep. Warren Davidson (@Rep_Davidson)

Under current law, regulators treat Bitcoin like it’s a fancy piece of property. This means capital gains tax applies when users sell or swap it. But not anymore, baby! This proposed legislation aims to kick that requirement to the curb for qualified tax payments.

Lawmakers are calling this measure a structural adjustment to digital asset policy. Sounds fancy, huh? Let’s just hope it doesn’t end up stuck in committee like a bad sitcom!

Related Reading: American Bitcoin Enters Top 20 With 6,000 BTC and a Smile!

International Developments: Everyone’s Joining the Bitcoin Club!

Meanwhile, other countries are also jumping onto this crypto train. On February 13, 2026, Brazil waddled into the mix with an amendment proposing a Strategic Sovereign Bitcoin Reserve called RESBit. Sounds like a superhero team, doesn’t it?

This amendment brings along capital gains exemptions and tax payment options in Bitcoin. Who knew taxes could be so exciting?

In February 2026, the Czech Republic decided to wave goodbye to capital gains tax on Bitcoin holdings. It’s like a global dance-off where everyone is trying to outdo each other in the digital asset arena!

Here in the U.S., Senator Cynthia Lummis is pushing for a separate de minimis exemption proposal that would remove capital gains tax on small crypto transactions under $300. It’s like treating small transactions as the adorable little puppies of the cryptocurrency world-too cute to tax!

The Bitcoin for America Act is still under review, but we can only hope it gets passed before Congress runs out of coffee!

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2026-02-15 23:03