Abstract
On June 25, 2024, H.R. 8822 was introduced in the House, directing the Department of the Treasury to develop and implement a method for allowing the payment of certain federal taxes using bitcoin. Bitcoin, launched in 2009, is a cryptocurrency widely regarded as the first digital asset. It serves both as an investment vehicle and a medium of exchange for transactions. As cryptocurrencies have evolved from niche digital assets to globally traded commodities, their potential to integrate into formal financial systems, including for tax payments, has grown.
Recommended Citation
Haozheng Jiang,
Bitcoin as Federal Tax Payment: Historical Comparison and Modern Challenges,
70
St. Louis U. L.J.
(2025).
Available at:
https://scholarship.law.slu.edu/lj/vol70/iss1/7