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Tim Draper: U.S. government should enable bitcoin use for business with blockchain-based taxes

Tim Draper: U.S. government should enable bitcoin use for business with blockchain-based taxes
Bitcoin and business taxes on blockchain

Tim Draper, founding partner of Draper Associates, argues that after enacting the Genius Act and Clarity Act, the U.S. government should prioritize making bitcoin usable and taxable in business.

Draper envisions a system where accounting and tax collection are automated on the blockchain using smart contracts. He believes this would streamline processes for businesses adopting bitcoin.

Draper has previously backed teams working to expand the Bitcoin ecosystem. He supported the third batch of startups in a showcase event focused on Bitcoin development. The investor continues to advocate for greater adoption of digital assets in business.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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