A US lawmaker has proposed the Bitcoin for America Act, which would allow taxpayers to pay federal taxes using Bitcoin without incurring capital gains taxes. This legislative move aims to simplify tax payments for cryptocurrency holders and encourage broader adoption of digital assets. In other news, DeepSnitch AI's presale has successfully raised over $559,000, with its token price reaching $0.02381. The project leverages artificial intelligence to analyze and interpret crypto market activities in real time, offering insights to traders and investors. Additionally, Coinbase has introduced ETH-backed loans, allowing users to borrow up to $1 million in USDC without needing to sell their Ethereum holdings, providing a new financial tool for crypto investors.