--- type: "Topics" locale: "zh-HK" url: "https://longbridge.com/zh-HK/topics/38755871.md" description: "🚀🇺🇸 The U.S. Congress has proposed the "Strategic Bitcoin Reserve Act"—allowing tax payments with $Grayscale Bitcoin Mini Trust ETF(BTC.US) and exempting capital gains tax. What does this mean?If this bill ultimately passes, it's not just another piece of crypto industry news; it's a signal of change at the monetary system level.Allowing tax payments with $Grayscale Bitcoin Mini Trust ETF(BTC.US) essentially acknowledges its attribute as a "settlement asset." Taxation is one of the most core sovereign powers of a state. When a government accepts an asset for tax settlement, the status of that asset has shifted from a "speculative instrument" to an "institutionalized tool."More crucially: the elimination of capital gains tax.The core issue currently hindering large-scale circulation is not price volatility, but tax complexity. Every transaction could trigger a tax obligation, making it difficult to become a true medium of exchange. If the capital gains tax is eliminated, the circulation efficiency of $Grayscale Bitcoin Mini Trust ETF(BTC.US) will significantly improve, evolving from a "store of value tool" towards a "transactional asset."If this step materializes, how will the market price it?Short-term focus will be on price fluctuations, but long-term, it's more worth pondering—When a country incorporates Bitcoin into a "strategic reserve" framework, how will global capital reassess sovereign asset structures? Will other countries be forced to follow suit to avoid a competitive disadvantage in currency?Over the past few years, the institutionalization path of Bitcoin has undergone a qualitative transformation:From being seen as a fringe asset, to being included in allocations by large asset management institutions, to ETF approvals, to now discussing national-level reserves.This path is clear and gradual.The real watershed is not in reaching new price highs, but in changes to the policy structure.If the logic of taxation and reserves shifts simultaneously, it means the U.S. is exploring a model of "coexistence between digital assets and the sovereign system."But I will also remain calm.A bill being proposed does not equal passage; passage does not equal full implementation. What truly needs observation is the committee review progress, cross-party support, and the execution stance of the finance and tax authorities.Market sentiment has been ignited, but structural change is the core determinant of cycle length.If sovereign states truly begin to incorporate $Grayscale Bitcoin Mini Trust ETF(BTC.US) into long-term reserve logic, do you think this is a supplement to the dollar system, or a form of defensive positioning?📬 I will continue to track the capital structures and long-term capital logic behind policy changes, dissecting the true trend inflection points worth watching." datetime: "2026-02-17T09:09:02.000Z" locales: - [en](https://longbridge.com/en/topics/38755871.md) - [zh-CN](https://longbridge.com/zh-CN/topics/38755871.md) - [zh-HK](https://longbridge.com/zh-HK/topics/38755871.md) author: "[辰逸](https://longbridge.com/zh-HK/profiles/16318663.md)" --- > 支持的語言: [English](https://longbridge.com/en/topics/38755871.md) | [简体中文](https://longbridge.com/zh-CN/topics/38755871.md) # 🚀🇺🇸 The U.S. Congress has proposed the "Str… ### 相關股票 - [American Bitcoin (ABTC.US)](https://longbridge.com/zh-HK/quote/ABTC.US.md) - [Grayscale Bitcoin Trust BTC - ETF (GBTC.US)](https://longbridge.com/zh-HK/quote/GBTC.US.md) - [Sharplink (SBET.US)](https://longbridge.com/zh-HK/quote/SBET.US.md) - [Grayscale Bitcoin Mini Trust ETF (BTC.US)](https://longbridge.com/zh-HK/quote/BTC.US.md)