CandleFocus ? States Accept Bitcoin as Tax Payments Grow
2024-11-14
Author: Content Editor
The decline in Bitcoin's value below $90,000 has prompted multiple U.S. states to permit tax payments in Bitcoin, indicating a possible shift in the cryptocurrency landscape. There are reports that the Republicans propose the Federal Reserve to acquire one million BTC for its reserves, which gained traction amid Trump's pro-crypto regulations. The increasing acceptance of Bitcoin by state governments reflects a trend towards recognizing its value in financial systems, potentially reshaping currency handling in the U.S. The intersection of politics and cryptocurrency remains intriguing to the public and market participants.
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