TL;DR
-
Earlier this week, a Invoice was launched to permit US residents to pay their federal tax funds in BTC (which tells a bigger, extra optimistic story).
Full Story
Keep in mind when Uber first got here out?
It began as a excessive finish service that nobody actually used, and which operated within the ‘gray space’ of the legislation.
Now, 15 or so years later, many individuals on this planet couldn’t stay with out it.
That’s the form of transition Bitcoin is beginning to see — and this newest proposed Invoice backs that up.
Earlier this week, Republican Home Consultant, Matt Gaetz, introduced a Bill to permit US residents to pay their federal tax funds utilizing BTC.
Now, there’s nonetheless a protracted technique to go earlier than the Invoice is handed…
However! We’re nonetheless enthusiastic about it — right here’s why:
Firstly, it represents a transfer from rejection of crypto → acceptance of crypto (effectively, at the very least of BTC).
It additionally opens up the dialog for the Home to battle it out.
Whether or not it passes or not doesn’t actually matter proper now – the necessary half is that it’s being mentioned and debated.
And — if we are able to dream for a second — if this Invoice does get handed?
It will not solely end in extra adoption for crypto, however extra clear laws round BTC funds.
Simply because the journey to mass adoption for Uber was lengthy and exhausting, to date mass adoption for BTC has been even harder.
However it is a small step in the correct path!