According to the source, Ohio Representative Warren Davidson introduced the Bitcoin for America Act to allow Americans to pay federal taxes in BTC, with those BTC tax receipts directed into a U.S. Strategic Bitcoin Reserve. source: public post on X dated Nov 21, 2025, attributed to Rep. Warren Davidson. The announcement highlights two market-facing elements—acceptance of BTC for federal tax obligations and creation of a Strategic Bitcoin Reserve funded by those payments—but provides no bill number, committee assignment, or implementation timeline. source: same X post; no additional legislative details included in the post. Under current IRS guidance, federal taxes must be paid in U.S. dollars and crypto is treated as property, so this proposal would require statutory changes before taking effect. source: IRS guidance on virtual currency (e.g., Notice 2014-21 and IRS virtual currency FAQs). For traders, the actionable focus is whether formal bill text is published, which committee it is referred to, and subsequent congressional actions, as these milestones determine feasibility and timing for any federal BTC inflows into a reserve. source: contents of the announcement; U.S. Congress legislative process as outlined on Congress.gov.

According to @AltcoinDaily, Rep. Warren Davidson introduced the Bitcoin for America Act to the U.S. Congress on Nov 20, 2025, source: @AltcoinDaily on X, Nov 20, 2025. The post states the bill would codify the SBR Executive Order and improve custody, source: @AltcoinDaily on X, Nov 20, 2025. It adds that taxpayers would be allowed to pay taxes in Bitcoin (BTC) with no capital gains recognized on those payments, source: @AltcoinDaily on X, Nov 20, 2025. It further notes that all BTC received for taxes would be held for a minimum of 20 years, source: @AltcoinDaily on X, Nov 20, 2025.