CONGRESSMAN WARREN DAVIDSON INTRODUCES A BILL TO LEGALIZE THE NATIONAL BITCOIN RESERVE
👉 Previously, each agency held Bitcoin separately, making it easy to lose private keys; the government needs a centralized management under the Treasury Department similar to 'Fort Knox for crypto'
👉 Bitcoin will be held long-term as a strategic asset while other types of crypto may be sold to purchase more Bitcoin
👉 Citizens can pay taxes with Bitcoin and are not subject to capital gains tax on the profits from the BTC used for tax payment
👉 The goal is to build the United States' Bitcoin reserve without increasing the budget deficit
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