Congressman Matt Gaetz has put forward a proposal to permit the payment of federal income taxes using Bitcoin. If this proposal is given serious consideration, it could mark a major milestone in the acceptance of cryptocurrency in the United States. Following the approval of the ETF, Bitcoin being recognized as a legitimate method of payment could potentially have a positive impact on its price, serving as a catalyst for growth. Furthermore, such a move could also set a precedent for regulations in other countries around the world.
