Matt Gaetz Who Proposed Bill To Collect Federal Income Taxes In Bitcoin Now Wants Blinken To Downgrade US Travel Advisory To El Salvador
Portfolio Pulse from Aniket Verma
Rep. Matt Gaetz and Rep. Vicente Gonzalez are urging the Biden administration to ease the US travel advisory for El Salvador from Level 3 to Level 1, citing improvements in law and order. Gaetz, a known Bitcoin supporter, has also proposed a bill to allow federal income tax payments in Bitcoin.
August 07, 2024 | 8:58 am
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POSITIVE IMPACT
Rep. Matt Gaetz's support for Bitcoin, including a bill to allow federal income tax payments in Bitcoin, could positively influence Bitcoin's adoption and price.
Gaetz's proposal to allow federal income tax payments in Bitcoin could increase its adoption and demand, potentially driving up its price. His consistent support for Bitcoin adds credibility to its use as a legal tender.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80