The group’s goal is to make the United States a global leader in the digital economy by creating a tax-free digital economic zone (DEZ). USABTC believes this will ensure the financial well-being of future generations of citizens by harnessing the potential of Bitcoin while maintaining the centrality of the U.S. dollar.
The USABTC proposal argues that direct government purchases of bitcoin are not practical. Offering free transactions and tax-free capital gains on cryptocurrency is better, as it would attract investors to DEZ and promote wealth growth in a regulated environment. At the same time, the fee for converting bitcoin back to fiat would become a new source of revenue for the government, benefiting both the federal treasury and the federal government.
Earlier, Michael Saylor, co-founder of the American software development company MicroStrategy, said that Bitcoin has become the most desirable property and emphasized that he owns Bitcoins worth over $1 billion.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
