TL; DR
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Earlier this week, a bill was introduced to allow US residents to pay their federal tax payments in BTC (which tells a bigger, more positive story).
Full story
Remember when Uber first came out?
It started out as a high-value service that no one really used and that operated in the ‘gray area’ of the law.
Now, about fifteen years later, many people in the world can no longer live without it.
That’s the kind of transition Bitcoin is starting to see – and this latest bill supports that.
Earlier this week, Republican House Representative Matt Gaetz said submitted a bill to allow US residents to pay their federal tax payments using BTC.
There is still a long way to go before the bill is passed…
But! We’re still excited about it and here’s why:
First, it represents a movement from rejection of crypto to acceptance of crypto (well, at least of BTC).
It also opens the conversation for the House to take up the fight.
Whether it succeeds or not doesn’t really matter at this point – what matters is that it is talked about and debated.
And – if we can dream for a moment – if this bill is passed?
It would not only result in greater acceptance of crypto, but also in clearer legislation surrounding BTC payments.
Just as the journey to mass adoption of Uber has been long and difficult, mass adoption of BTC has been even more difficult so far.
But this is a small step in the right direction!