Bitcoin News Today: Bitcoin for America Act Gains Institutional Backing Amid Volatility Concerns

The Bitcoin for America Act, introduced by Rep. Warren Davidson (R-Ohio), has drawn significant institutional backing as corporations and policymakers increasingly position Bitcoin as a strategic asset. The act aims to establish a federal framework for Americans to pay taxes in Bitcoin without incurring capital gains taxes, with proceeds directed into a Strategic Bitcoin Reserve. This initiative has been endorsed by the Bitcoin Policy Institute (BPI), a Washington, D.C.-based think tank, which highlighted its potential to modernize U.S. financial systems and create a market-driven model for national Bitcoin accumulation.

Corporate adoption of Bitcoin has accelerated, with firms leveraging the cryptocurrency's appreciation potential to bolster balance sheets. Strategy, the largest corporate holder of Bitcoin, reported a record $2.8 billion net income in Q3 2025, driven by a 7% rise in Bitcoin's price during the quarter. The company increased its Bitcoin holdings to 640,031 BTC by September, reflecting a broader trend of institutional confidence. Similarly, Japanese conglomerate Metaplanet announced a $5 billion capital injection into its U.S. subsidiary to accelerate Bitcoin acquisitions, targeting 210,000 BTC by 2027. These moves underscore Bitcoin's growing role in corporate treasury strategies, particularly as companies seek to hedge against inflation and diversify reserves.

Regulatory developments further indicate a shift in institutional attitudes. JPMorgan analysts noted that Circle's USDC stablecoin has surpassed Tether's USDT in onchain activity, driven by regulatory clarity such as Europe's Markets in Crypto-Assets (MiCA) framework. This trend highlights the increasing preference for transparent, compliant stablecoins, which could pave the way for broader acceptance of Bitcoin in mainstream finance.

While the Bitcoin for America Act remains in its early stages, its proponents argue it could redefine federal fiscal policy. BPI's model suggests that voluntary Bitcoin tax payments would create a democratic, market-driven reserve, contrasting with traditional inflation-eroded fiat holdings. Critics, however, caution that integrating Bitcoin into government operations introduces volatility risks and regulatory complexities.

As corporate and political stakeholders align behind Bitcoin, the cryptocurrency's institutional profile continues to rise. Whether through tax policy innovations, corporate treasuries, or regulatory frameworks, Bitcoin's trajectory as a legitimate financial asset appears firmly entrenched-even as debates over its governance persist.

---

Bitcoin Policy Institute Endorses Bitcoin For America Act and Unveils Bitcoin Tax Payment Model https://www.prnewswire.com/news-releases/bitcoin-policy-institute-endorses-bitcoin-for-america-act-and-unveils-bitcoin-tax-payment-model-302621912.html Strategy Posted EPS of $8.42 in Q3 Driven by Mark-to-Market Gains on Bitcoin https://www.coindesk.com/markets/2025/10/29/strategy-posted-eps-of-usd8-42-in-q3-driven-by-mark-to-market-gains-on-bitcoin Metaplanet Plans to Inject $5B Into U.S. Unit to Accelerate Bitcoin Buying Strategy https://www.coindesk.com/markets/2025/06/24/metaplanet-plans-to-inject-5b-into-us-unit-to-accelerate-bitcoin-buying-strategy Circle's USDC Overtakes Tether's USDT in Onchain Activity as Regulation Drives Shift: JPMorgan https://www.coindesk.com/markets/2025/10/30/circle-s-usdc-overtakes-tether-s-usdt-in-onchain-activity-as-regulation-drives-shift-jpmorgan