Bitcoin for America Act

This bill would allow taxpayers to pay federal income taxes using Bitcoin instead of cash. Taxpayers would transfer Bitcoin to a Treasury-designated address, with the payment value determined by the current market rate at the time of transfer. All Bitcoin received through this process would be deposited into a government "Strategic Bitcoin Reserve," which must hold the assets long-term with strict rules: no more than 5% of holdings can be sold annually, and sales are prohibited for at least 20 years after receipt. The bill also specifies that taxpayers would not recognize capital gains when paying taxes with Bitcoin, and the Treasury would publish annual reports on reserve holdings and security measures.